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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Paul Fiondella who wrote (22820)	6/22/1998 11:07:00 AM
From: dwight vickers	Respond to of 42771

(OFF TOPIC!) Can they really be that stupid? That is the absolute dumbest thing I've ever heard attributed to any economist. And it's a competitive field. It is so simplistic that it sounds like it would come from a person who took a deflation seminar, walked out after the first half hour session, and spent the rest of his time in the hotel bar. Governments have never figured it out, but the public wants to believe they have, which helps create these bubbles that few survive. Thought you'd like this. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - "A number of Japanese legislators say that the country's gold reserves are too small given its economic strength, notes The International Forecaster (102 Palisades Ave., Jersey City, NJ, 07036). The last time Japan increased its gold reserves substantially was in 1986, when it bought nearly one-third of world consumption. Japan has $219 billion of foreign currency reserves. Translation of a substantial portion of that into gold would boost bullion prices considerably." - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Anyone who wants to see what happens when a government sells off a substantial part of their gold holdings, need look no further than at what has happened to the Australian dollar. It isn't all from Asian and natural resource weakness. Dwight