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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (91)6/23/2003 9:28:37 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 110194
 
hyperinflationist policy only breeds more bubbles
then come the aneurisms from the busts
and more problems that before
and even more years of stagnation afterwards
official actions only provide emphatic headlines to the powerlessness of policymakers to deal with broken asset bubbles and their aftermath
the Fed can only print money and relax bank reserve reqmts
the USGovt can only give back tax money and reduce tax rates
neither addresses the overcapacity in the corporate sector
neither addresses the heavy debt burdens across the spectrum
this is truly sad, tragic

the level of economist competence worldwide is absolutely horrendous
for a subject so critically important to the world, it is utterly amazing that so little expertise, objective analysis, and real experimental thought has been conducted

the end result has basically been the ruin of the world economy
sounds harsh, but the imbalances now worldwide can only be rectified by a long depression, with massive corrections and disruptions

I dont see anything being done properly by officials
everything they do is making it worse
I defy anyone to carefully elucidate a single govt or Fed policy or Congressional action that is part of the ultimate remedy

/ jim



To: russwinter who wrote (91)6/23/2003 5:26:24 PM
From: Eldon Slife  Read Replies (1) | Respond to of 110194
 
Russ
I have a question for this thread in general and maybe you in particular.
With all of this talk on the Yuan revaluation coming soon how can an investor profit from this move TODAY before the Chinese have to peg their currency to the US dollar? I think this has to be done by 2007-2008 but some seem to think it will be done much before then...perhaps as soon as next month. Is there a good mutual fund for this purpose or some other way to play it?
Thanks in advance for your help/thoughts.
Eldon Slife