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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (33989)	5/19/2003 10:01:56 PM
From: TobagoJack	Respond to of 74559

My response to Gumnam ... ... I will look at ARLP with its 8-10%, at least to see what its implicit yield is after taking depreciation/amortization/dilution into account. I am of the opinion that the implicit yield in many CanRoys are in the 0-10% range, and not actually at 20% level explicit on the quote. ... <<With today's words by Mr Snow on USD - where he describes a strong currency as a currency that cannot be counterfeited, or maybe in future he will say "one that is printed on strong paper", the coast is clear for a big USD weakness … >> LOL, and a recovering economy is one that is not dying :0) The Strong Dollar policy is dead, long live the strong dollar policy. It is time to pile-on, but as sure as day follows night, there will likely be some breaking action by the officialdom on the way down; THEY like to surprise the speculators;0) A weak dollar will not help matters much, because (a) the world is not buying, (b) BMWs are still desired in the US, (c) Chinese Yuan will embrace the USD on a trip into the abyss, (d) the Yen will most likely tag-along with the Yuan due to Japan central bank policy and investor capital flight, and (e) the SE Asian/Korean currencies may have to competitively devalue, else their industries will relocate and/then/or disappear at a faster clip. I think India Rupee INR may be and can afford to be counter-cycle to the USD.

To: TobagoJack who wrote (33989)	5/19/2003 10:24:06 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 74559

Hi Jay, On coal I was looking at Fording which is quite down recently. stockcharts.com but it's down so much I wonder if I'm not missing something. Still investigating. I guess I'll add ARLP to the list.. As to Asia I was only looking at China but of course SARS may change all that now. Hadn't really thought of India except in the context of getting closer to China maybe, possibly, one never knows, could it be ... so much to learn.. regards Kastel

To: TobagoJack who wrote (33989)	5/20/2003 3:37:40 AM
From: Maurice Winn	Read Replies (3) \| Respond to of 74559

<With today's words by Mr Snow on USD - where he describes a strong currency as a currency that cannot be counterfeited, or maybe in future he will say "one that is printed on strong paper", the coast is clear for a big USD weakness against currencies that will let themselves be strong> Jay, he's heading in the right direction. The Q has zero chance of being counterfeited. Every Q and q would be stored in multiple servers around the world and transacted with irrefutable identification of the owner. Uncle Al and Snow have got it right. Zero counterfeiting is vital. Zero theft is also essential. Wheelbarrows of the stuff, such as were found in Iraq, is not the way to run a transaction mechanism. He did mention a bit more than counterfeiting and I'm sure you know that. It's naughty to clip out a little comment and pretend that that was the meaning he intended. That's journalistic trickery. If arguments depend on such journalistic trickery instead of confronting the challenge head on, then my experience is that there is no substance to the argument. A US$ ground and rubbed up against other creaking and groaning currencies should end with Americans earning their living again instead of being propped up by excited aliens sending their hard-earned savings to Biotelecosmictechdot.com stock option loaded managers. That process is well underway. I expect the Q and $ will play a good cop, bad cop routine on the rest of the world for a decade or so then combine to rule the world, using the fully pixelated cyberspace currency of the future. Aztecs will try to hide behind their talisman and will succeed inasmuch as a hermit succeeds in surviving against the vicissitudes of modern life. Yes, hermits and remote Aztec tribes survive and might even be happy, but depending on somebody digging a huge hole to extract gold costing $250 an ounce seems a huge effort to achieve something which can be achieved for almost zero unit cost [the Q and $]. I have spake! Mqurice PS I'm hundreds of posts behind on various threads, so have missed a lot.