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To: PaulM who wrote (15530)	8/9/1998 7:27:00 AM
From: Bobby Yellin	Respond to of 116768

Sunday, Aug 9 1998 1:37AM ET Reply # of 15532 "2. Wouldn't I think the Fed is straight jacketed until Asia improves? No idea. I expect lower growth, a lower stock market, higher interest rates and higher prices. No matter what the Fed does. " Why higher interest interests(you are in good company along with Warren Buffett-although some say it might not be an interest rate bet but his wanting to put his money into something better... also the treasury allowing small investors now to skip brokerages and banks and be able to buy and sell treasury bill's in chunks of 1 thousand rather than 10,000 and skip state taxes-(sure NY doesn't like that one)suggests maybe the government is worried that the small investor might loose its shirt down the road and is offering a real safe haven..) re lower growth: hasn't the consumer only recently kicked in to the domestic economy? won't that go on for a while longer(unless there is a major market meltdown and people feel less wealthy) haven't lower mortgage payments provided the consumer with extra cash? (thought SE Asia would affect California with all those start up technology companies getting seed money from SE Asian relatives..ha.. joke was again on me ..read a couple of weeks ago that maybe 3/4 of a million housing transactions were projected for maybe 1998 .. read too much and too tired to recall exactly what I read) won't businesses probably spend more money on upgrading their existing systems to deal with year2000? isn't the internet growing exponentially plus and beginning to compete with existing businesses to offer lower prices look at all the jobs that are being created by internet.. In NYC,as you are aware there are tons of chain stores that have driven small businesses out of existence ..with internet now,won't,let's say huge drug stores open up and create more competition for the CVC's of the world and create more price pressure how many people prefer to shop at Amazon rather than at Borders or barnes & Noble..won't Borders and B&N be forced to drop prices to compete with Amazon's pricing? now there are groceries on the net.. Isn't our domestic economic self sustaining for a good while longer.. possibly self sustaining until Asia starts to recovery? Still don't understand with the falling Canadian dollar why more Canadian companies aren't being bought out by US companies while the dollar is so strong ..won't Canadian products,ie food etc,compete more in the market place and create more price pressures? won't Canadian workers compete with our markets and create more wage pressures?(wish I could read about how much Canada is taking away in tourist dollars..sounds as if US citizen would be crazy not to vacation in Canada this summer rather than in US) Aren't more US corporations buying up SE Asian companies on the cheap to down the road when there is a recovery show even greater profits?

To: PaulM who wrote (15530)	8/9/1998 7:40:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116768

" 3. Gold a long way off from a bull? Am sure of only this: a major crisis is dead ahead. There will be no "soft landing." That must eventually impact gold in a positive way. If there is a market meltdown..that could be the major crisis.." I have a strong sense that on this thread there are very conservative people financially who don't buy on credit and try to be extremely prudent..and have gotten skinned alive as a result of their prudence in an unprudent world.. All of the major crises ..especially all the currency debacles...the depressions in SE Asia..the realignments in power..blah blah blah and the upcoming year2000 have been predicted on this thread..so what happened? gold hasn't done anything except fall off a cliff and the dollar has zoomed upward... Wouldn't it be the biggest joke on us if gold will only move in the traditional sense when there is inflation If we have the Canadian government and the Australian government "denigrating" gold..whose logic is suspect? If we have analysts on CNBC "blaming the corruption of Asian governments" on the reason why people are starving in Indonesia for instance rather than big financial comglomerates flooding the emerging nations with liquidity and then pulling the rug..how can one fight the powers that be? If companies like ABX can profit with the forward selling of gold to lock in great prices and possible enter the piranna(sp) game and start swallowing up low cost producers when the bottom is reached..how can the gold investor fight the central bankers and big gold producers who have all to gain by the price continuing to fall? Who knows..with Russia collapsing and having at least supposedly 10,000 missiles..I can't remember a more dangerous period in my lifetime for the average citizen.. I also can't remember a more dangerous period in the sense that so much resentment around the world may be directed at the US..wonder how many allies we have lost in this stock mania period? Can't remember when financial speculation has destroyed so very many people's lives.. I do believe what goes around comes back big time!