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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Perspective who wrote (10108)8/2/2004 1:20:03 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 116555
 
the concept that runs the FED is that there should be few savers but mostly "investors" (or gamblers)in new companies who produce new "gismos" that is also why the FED did not move on to prick the stock market bubble.

As wrong as it sounds that is their policies IMHO and when it comes to the various accounts deficits they just ignore it in the assumption that the US and it's currency is to big to fail. It is a very arrogant approach but it is working for the last decade.

In this sense – do not fight the FED – e.g. do not save but go out and gamble your hard earned money in the junk bonds and stock market :(

as evidence of this state of mind just watch every TV channel, God forbid they intended to blow up the NYSE or other building housing the thieves and swindlers.

It is a very sad state of affair and I now start to understand why Americans are hated in so many corners of the world.



To: Perspective who wrote (10108)8/2/2004 10:41:12 PM
From: mishedlo  Respond to of 116555
 
Lots of interesting posts on Heinz's blog today
worldmarket.blogspot.com
None by heinz
BTW Heinz = pater tenebrarum for those that dis not know
You may wish to read back to his last post

This snip from Jay Chen....

y) An ounce of gold bar in China costs USD 500 worth of RMB in China, hinting that the RMB should in fact depreciate against the USD if floated, or pressured downward if re-pegged at a higher exchange rate. After all, gold is gold, involving not quality differences, not needing marketing/promotion, and does not lack brand recognition;