Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Gabriela Neri who wrote (4514)	12/20/1997 10:37:00 AM
From: goldsnow	Read Replies (2) \| Respond to of 116753

Hi Gabriela, Although clearly the bulk of money are in bonds, stocks are underpinning of the real problem. US Stock Market priced for perfection ia a pillar upon World Confidence in USA. $ and bond is based. That is why any disappointing events that would result in drastically decreased earnings (growing trade deficit, world recession, social unrest on Korea Peninsula as unemployment tripple thanks to IMF Austerity Program ets) could hit Market. Now ironically the confidence in USA is far higher in Asia and Europe than in this land. If that confidence somehow shaken (and that is why Greenspan was so fearful of exuberance) that could really precipitate World recession based on collapse of consumer confidence. On that premise I take again an issue that Greenspan, Clinton or any banker or individual is in control of these events. The idea of new paradigm heavily promoted in past 2 years, in reality is a sham, totally ignoring history, human, nature,economy any history and is based on pure faith. Faith-is by definition is an opinion that does not have to be substantiated. Worse, not only cycles do come to an end (100% proven by history, we now do have a situation where opinions that Asia would recover is based on assumptions that they would do so because IMF money would bridge huge overcapacity and ability to pay debt long enough, while they would export themself out-of trouble, contradicting notion that USA Market somehow would oblidged to stay high, even as earnings fall as trade deficit explodes, while still being prised for explosive growth... Gvn's are not in control that is illusion or lye depending on who promotes it. Market or cycle not avoidable. As scary Kutin writings are for some, the Depression must wipe-out debt, excessive capacity in Asia and so on, and Austerity cannot do it (but can cause social unrest, another tool in disposal of Mother Nature cleaning the house...