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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: PAUL ROBERTSON who wrote (97)	6/11/1998 6:21:00 AM
From: Bobby Yellin	Respond to of 81141

Paul I listened to Abby Joseph Cohen the other day..she is still quite bullish on the US econmy....I think she has incredible integrity and bases her forecasts on economic statistics...I have learned never to discount anything she says.. I listened a bit yesterday to Alan Greenspan yesterday..as I seem to pick up negatives what struck me was that first he more or less appeared to admit that he was blind to the what actual impact the year2000 will have..he said at least 50 billion in remediation was needed and Bennett(not sure) said his estimation was much higher.. year2000 I think is incredibly bullish for tangible assets!!!!! also don't think Greenspan has a handle on how to judge economy since history has never seen such a dependence on technology..the demand for software support,as I have mentioned,should grow exponentially the more dependent we become on high tech..although commodities and imported goods reflect the deflation,and high dollar is stimulating US citizens to go abroad on vacation..still think wages in US have to go up since we are primarily a service based economy..also the incredible growth of small businesses during this economic recovery might also be another cushion..also the huge inflow of foreign money into the US bond market has forced bond rates to go down..this appears to be out of the control of the fed..wonder if more corporations are going to float more paper shortly at lower rates to take advantage of the bubble and lower their interest payments.. I don't know about your expenses..but so many things I am forced to pay for have gone UP!.. Also I think the government has it in its power to change the market sentiment by surreptiously buying gold and then all the traders will start saying..hey..look at gold...inflation must be coming..then the trend could change..like trained seals..please comment..(I have been watching for deflationary trends for ten years now..but I blew it..never realized the psychological power of lowering interest rates and forcing individuals to get out of cds and into stocks and creating incredible paper wealth..) ps..I heard a fund manager of over one billion dollars in SE Asia say that the Chinese do not have to devalue their currency..sorry that I can't put into words the gist of his argument..don't know enough to try to dispute it..he also gave the argument why the Chinese had devalued their currency a few years back..

To: PAUL ROBERTSON who wrote (97)	6/11/1998 7:31:00 AM
From: Bill Murphy	Read Replies (1) \| Respond to of 81141

Paul, Everything you say certainly makes sense. Would only differ on the fact, as you know, I believe gold will start a price move up to $370 to $400 within 11 months irrespective CB selling will spook the market as it unveils demand that is much bigger than commonly known. From then on ( own opinion ) a dollar collapse would kick in the move to $600 in about 3 years. Time will tell. A big move down in the dollar in the short term would certainly make life easier.. Bill