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Politics : John Kerry for President? -- Ignore unavailable to you. Want to Upgrade?

To: Paul Chiu who wrote (1845)	10/1/2004 10:08:30 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 3515

A very simple point I leave you tonight. Don't think that while you are riding a 300% increase in some asset that you are not hurting someone else. Financial markets are not a zero sum game.

To: Paul Chiu who wrote (1845)	10/2/2004 8:32:09 PM
From: Lazarus_Long	Respond to of 3515

Pardon moi? (If someone raises an objection about incorrect frog grammar, I'll be happy to tell them up which orifice they may shove it.) For begginers, even Bill Gates, much less Soros, does not have the capital to drive down and hold down the value of a healthy currency. A few billions is piddling stuff in the currency markets. Remember the Hunt brothers? They tried to do this with the silver market. Where are they now? Secondly, what IS the problem with the price of some asset tripling? Yeah, some people can't afford it anymore. That's the idea. The price increase is a free capitalistic market's way of rationing scarce resources. If you wish to escape this, you need to go to some socialistic scheme. You may prefer that. You're welcome to it. As regards Soros, yeah, he saw some weak, overvalued currencies and shorted them. So what? There's nothing wrong with shorting a currency or a stock or a commodity. In fact, it can be rationally argued that shorting is stabilizing since shorts tend to be short term transactions and a short must be covered. That covering help stabilize the price later.