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

To: Jim McMannis who wrote (55385)	11/2/2004 12:36:20 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 74559

No, I understand everything is different now. I think you need flappers dancing wildly to trigger an economic depression. All I ever do is post one chart and one quote. home.pacbell.net In May 1929 William C. Durant, founder of General Motors, told newspaper reporters: "Everything will be fine as long as we continue to believe. Confidence, not half-way confidence, but 100% confidence is the real basis for our prosperity." He later earned his living by managing a bowling alley, having lost everything. .

To: Jim McMannis who wrote (55385)	11/2/2004 1:37:29 AM
From: Maurice Winn	Respond to of 74559

<Fascinating. And scary. That couldn't happen again could it?> Governments are pixelating new money every day. They are loving it! It's a child-hood dream money tree. They can get away with it because we have been in a major Chinese maths and Biotelecosmictechdot.com productivity boom for 3 decades, interrupted rudely by the 1974 and 1979 oil price explosions. Each dollar they print, they get to spend on themselves and their mates. It's the biggest rort in human history. Those holding money have been diluted to blazes over 30 years. Don't expect the process to stop any time soon. India, China and other countries have still got to get their GDP per person up to OECD levels so they are working for low prices. The technological revolution is still only getting warmed up. Mqurice