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

To: ild who wrote (35887)	7/13/2005 11:08:03 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

not surprising. the Japanese did a lot of FDI in Koreans in 1990s. in mid 90s in Seoul you could see a lot of Japanese cars, like Lexus, only with Korean names (under license). this is probably why Korea cars do not suck as bad now. but they still pay the price in image for 1980s quality disaster. look through the long-term reliability records at Consumer Reports. Japanese (Toyota, Honda) still way on top on maker level.

To: ild who wrote (35887)	7/13/2005 11:30:43 AM
From: ild	Read Replies (1) \| Respond to of 110194

Date: Wed Jul 13 2005 11:19 trotsky (ellix, 9:31) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved "there is no intrinsic value in fiat currency." there is no 'intrinsic value' in anything. the concept is nonsense - all value judgments are subjective. the reason why i used the dollar and the yen in my analogy is because i want to point out that gold is primarily money, and not an industrial commodity. therefore comparing the overground stock of gold to that of silver makes little sense, whereas comparing the stock of silver to the stock of copper does make sense. as Antal Fekete has frequently pointed out, gold is useful as money ( inter alia ) precisely BECAUSE it has such a large stock-to-flows ratio. an analysis of gold's supply/demand characteristics has to be done in this context. Date: Wed Jul 13 2005 10:57 trotsky (frail) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved "U.S. Terror Attack — 'Ninety Days at Most' " jeez! the Gestapo must bring in this dude for questioning right away! how does he know and when did he know it? rouse the Grand Inquisitor from his nap and get those thumbscrews out! and don't forget the Q'ran-pissomatic. Date: Wed Jul 13 2005 10:04 trotsky (@the Rand) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved yesterday's move in the Rand threatened to change the picture from bearish to bullish ( note that for the terms of Rand discussion, the inverse Rand per dollar rate is generally used, where up means down for the Rand ) . support at 6.60 was violated - and today it has just been regained. it remains to be seen if this break of support was merely a brief 'throw-over' in which case the bearish trend ( toward a higher Rand/dollar rate ) should resume, or if it was a more meaningful breach that changes the intermediate term trend. since phases of SA mining stock outperformance and underperformance vs. the XAU tend to alternate, i still lean toward a weaker Rand over time ( an over 2 year long phase of underperformance should now alternate with a fresh phase of outperformance ) . Date: Wed Jul 13 2005 09:26 trotsky (JD, 6:46) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved re. 'gold is more plentiful than silver' - this is a common trap in gold supply/demand analysis. one can not compare the large overground stock of the money commodity to the variable, and often JIT type overground stocks of industrial commodities. a different approach is called for when analyzing gold. i've e.g. never heard anybody say : 'the Yen should be preferred over the dollar because the dollar is more plentiful'. this statement makes little sense, obviously.