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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (20776)	4/26/2004 12:06:48 AM
From: philv	Read Replies (1) \| Respond to of 80924

On a slightly different subject, (ahem) still somewhat related to the general theme, I just watched Tim Russett's interview with Prince Bandar of Saudi Arabia. I hope you had the opportunity to see it and I hope it re-newed some faith and respect for the American/democratic system. Bandar did say that he thought the price of oil should be around $25.00 right now, but the lack of refining capacity in the US is what is holding the price up. The deficit is according to him about 1 million barrels/day of refining capacity. I won't go into some of the biting and astounding questions raised by Russett, but it was enough to form opinions around some of the political questions surrounding 911 & Iraq.

To: philv who wrote (20776)	4/26/2004 4:50:47 AM
From: Raymond Duray	Read Replies (2) \| Respond to of 80924

Re: Although such an event could happen at any time, I can't see anything on the horizon at the moment. Your comment reminded me of this infamous one: trendmacro.com Just a few weeks before the great stock market crash of 1929, America's first celebrity economist, Irving Fisher, made one of history's worst market calls when he said, "Stock prices have reached what looks like a permanently high plateau." From the top in 1929 to the bottom in 1932, the broad stock market lost 89% of its value.