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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: Joseph G. who wrote (6843)11/2/1997 5:10:00 PM
From: Zeev Hed  Respond to of 18056
 
Joseph, I will take it that your sources are much more accurate than mine, particularly in view of the fact that mine are not from the source but from interpretation of the source and probably tainted by those interpretations as well (go blame Friedman).

Nevertheless, and this time I should preface, if memory serves, I read about a year or so (in Barron's) some interesting statistics correlating not just the monetary stance but the fiscal stance just prior to major market debacles. The common fiscal stance prior to such debacles, once again, if memory serves, was budgets surpluses. I would not be surprised if we would be getting there in the current quarter.

Zeev



To: Joseph G. who wrote (6843)11/2/1997 8:31:00 PM
From: tekgk  Respond to of 18056
 
Joseph, It's nice too see another student of history. It is a pleasant relief from the new era stuff that is the current center of attention in the mainstream media. I agree with you - Warburg and the Fed were the scapegoats not the cause. Ten years of greed, speculation and over capacity were the real culprits - not entirely unlike the past few years.