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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (2015)	10/22/1997 11:02:00 AM
From: Crossy	Respond to of 37387

Bosco, I think AL likes to TALK the markets down not to force them down by rate increases <G>. After all he handled Crash #1 pretty well. It was digested within half a year, mainly because the Fed didn't intervene in favour of the dollar - in SHARP contrast to some central bank of SE Asian countries.. best wishes CROSSY BTW: I'm no fan of a "weak currency" policy. I just think that in a LOW-inflation environment with not too high growh (like 87 in the US and NOW in SE Asia) it's a receipt for disaster to give the exchange rate value more weight over the solvency of the economy. Basically the fact that the Japanese burst their speculative bubble so drastically forced this 5 year recession onto their economy. A smooth way (coupled with a loose fiscal policy : tax reductions) would have been much healthier for Japan Inc - anyway just my 2cents