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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Rupsky who wrote (13398)	11/2/1997 6:23:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Rupusky To be honest the whole day today I have been reading and making some important comparisons from the 'fathers of all bears' Dr Ravi Batra of 1990 The Great depression fame- I was reading his The downfall of Capitalism- in which he had written that 1990's will be the begining of worst global depression as world will tear itself apart -his best selling advice was to buy gold at 400$ and sell all stocks and bonds in 90's, the other book I have worked on today is 'Bankruptcy of America' by David P Calloe he projected Bankruptcy of US by 95 now agin this was a great hit and I wanted to know where these guys like rampant bears in todays market went wrong- the question I was trying tio find an answer was Why it is so that line of arguments of bears in 90 and today in 97 have so much of similarity I am also workin on Econo-quake by barry Howard Minkin and the new 'depression guru' William Grieder new mantra' The Manic logic of Global capitalism', we are going to see a lot of jargon on this supposed overproductivity which is going to launch us into new ice age of deflation- I am still working and plan to complete my 'paper' tomorrow to be read in Fund Management conference in London next week- the more I scracth the surface the more convinced I am that the gurus have got it all wrong- the size momentum and intricacies of global economies have been a call beyond comprehension of minds who never expected that 'affluence ' world wide is raising demand all over. BW this week article is the line market critics will now take- my exuberance takes new shape as I see that assumption drawn today are exactly the same based on which all these people back in 92 advised shorting the markets- I think this correction is begining of a new backdrop a global productivity and increased competitivenss- by the way on that unde 1000 $ computer the biggest loss is faced by 'clone makers'- clone makers were under cutting IBM CPQ for last 5 years by using INtc CPU's and DD's of US manufacturers- US computer makers by producing this efficiency have put many of these clone makers out of business. I am very positive on the markets and expect a consolidation and as 98 earnings start coming into full visiblity a forward thrust- the arguments I have seen on corporate profitiblity and economic reccession are lifted ditto from 'lessons' which were hammered previously to us- just imagine a country which was according to these people mentioned above would been fighting a battle to survive 'bankruptcy' is leading the global economy to a new level. The best approach forward bias with protection on the down side. I am sorry I could not call you but I will certainly get in touch with you tonoght.