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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Yogi - Paul who wrote (1248)	8/27/1998 7:32:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 3339

Yogi, from one beara to another beara, we can only roll with the knuckle balls, what is happening now has been sewn in the fabric of social events and mass psychology for some time now. We are just journeymen players on this world stage. Read Galbraith & Kindleberger, if you haven't already. These bozos in the FED will do too little to late and wait for the crisis event to lower rates. This is a no brainer with an inverted yield curve and currencies shot to shreads worldwide. The $USD is the last stand before we go back to a gold standard or something more perverse. bb

To: Yogi - Paul who wrote (1248)	8/27/1998 8:09:00 PM
From: Gofer	Read Replies (4) \| Respond to of 3339

I can't agree with some statements that federal reserve economists made in the link that you posted. They describe the robust U.S. economy and tight labor markets. The USA economy is quite vulnerable to downturns in consumer spending. I believe this downturn will happen / is happening. Merchandise exports are threatened by the high U$. We Canadian (and other) tourists will be staying away in droves (watch Comdex attendance). Mutual Funds (in Canada anyway) will experience net outflows next month (maybe this month). too early to tell whether the U.S. economy would be significantly weighed down by global economic turmoil and a widening trade deficit Why is it too early to tell? IMHO this is the statement of a politician, not an economist. I think the Babb Bubblers on this thread know better. It doesn't give me a lot of confidence in the Fed. Maybe I'm being overbearing, but I have been following this discussion since the beginning and it's given me paws.