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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (32015)	4/1/2008 5:27:28 AM
From: Maurice Winn	Respond to of 217747

That's odd. How come I escaped being in debt, as allegedly obliged to be, by Alan Green$pan KBE? When I did take on debt, it was fully of my own volition, and, note to self, in breach of one of my basic rules = never buy when stock markets are at highs. I was aware I was breaking the rule at the time. Those graphs seemed somehow not of great concern to me. They were almost encouraging that things aren't too bad. Yes, there is some substantial debt to be repaid, diluted, or written off. That is in the process of being tidied up, with CB working diligently doing so. Since the top, over two years ago, there has been a LOT of tidying up. The US$ is now at low levels compared with other currencies, so the USA's competitive position has improved a LOT. Americans have had major pay cuts. Your soothsay from over a year ago turned out to be a fizzer; a one day wonder. Shanghai did a faint, but soon things were back on track and steady as she goes. Gold at K +100 turned out to be a no-brainer [so far]. Oil at $110 a barrel is much too high compared with the long run marginal cost of energy production. Which means the price of oil must fall, or be made reasonable again by inflation. People will use less oil and produce more [or equivalents]. They will do the same with gold. No worries, [as panics go, this is rather pathetic, a bit like sars = a few enthusiasts wear masks in airports, some people come to grief, but the excitement soon dies down]. Mqurice