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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (1670)	9/23/1998 6:41:00 AM
From: Bobby Yellin	Respond to of 1911

I haven't seen the service sector prices go down..except for car insurance but I bet a lot of Americans are using the service sector less..41 million americans no longer have health insurance..eventually the service sector will have to be hit..if not by attrition first,market meltdown later? Are you looking at grain prices? Also how does your thesis go with lower percentage now of Union workers which implies labor strikes won't be that powerful in terms of wage inflation.. Also if the market melts down further..consumer sentiment will continue to go down and slow down the consumer sector? A real meltdown could cause deflation big time..especially since so many people are counting on the "surething market" for retirement and can no longer trust SS and pension plans. What about the evaporation of liquidity from hedge funds and from banks and brokerages exposure to emerging market derivatives etc?how about effect of refinancing mortages at lower rates and creaming profits from insurance companies and financial houses etc What about Latin American contagion with Brazil leading the spiral.. have you checked how many dollars have fled and that their dollar reserves are at critical stage? What about the stalemate in Japan and lack of engine to pull out the other side of globe? Supposedly NYC has finally topped..spiraling from wall street types.. those brokerage and financial companies don't appear to be doing so well. What about the announcements of more layouts? How many did Crown cork and seal just announce? How many financial types now are going to be laid off? Aren't they the people with the largest salaries? Am watching oil now..antideflationary influence Brazil appears to be announcing some protectistic type of measures.. US farmers are beginning to protest big time over Canadian dumping oof dairy products. With more money now going into year2000 fix,might cause slowdown in Silicon Valley China I think just announced creating their own operating system..if so..what does that spell for Microsoft? Internet commerce huge deflationary force Also wages have been low for so long,percentage increases aren't necessary that much in real terms Lower interest rates have curtailed a lot of fixed income people's spending..less fuel for the economy ..wish I could find the figure of how many people are on fixed income. The Clinton scandal at this point is probably a "good thing" since it is probably masking what treacherous straits we have now entered. Yesterday read an article re French insisting their meat has to be 100 percent French..really sounds great for common currency..can't imagine people in Georgia saying that Nebraska can't import their hogs.. Just hope nobody pulls out a war to stop deflationary trends

To: ahhaha who wrote (1670)	9/23/1998 6:56:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 1911

also an easy way to help monitor layoffs is to go to some news link and type in layoffs as keyword ie search.news.yahoo.com

To: ahhaha who wrote (1670)	9/23/1998 10:03:00 AM
From: Ahda	Read Replies (1) \| Respond to of 1911

This can't be good news, but no one cares: NEW YORK, Sept 22 (Reuters) - Publisher Dow Jones & Co. said Tuesday its 1999 national advertising rates for The Wall Street Journal will rise 4.2 percent. You are seeing your classification of Slobs and Gods . Inflation is hitting where the pocket can afford and absorb. Quite frankly why should they care the WSJ is well aware of the pocket of their clients. Restraints in the lower level are creating a secondary economy i guess i could say that meets those needs too. The ethnic grouping comes into play here and certain areas have maintained overall lower costs on import products due to the dollar. Within that cushion there is also the advantage in my area of being able to cross the border where some products services can be obtained by individuals at reduced prices. Illegal workers help maintains a curb on costs in certain segments of the economy the Gods taking complete advantage of the Slobs. The employment being as low as it is and the reality of inflationary aspects and the news preaching gloom will keep moderate income very moderate. No one is going to rock the boat which is to the corporate advantage. Realestate has not in lower income areas improved in value in LA but remained stagnant. This is self explanatory and very defeating for a bleeding heart.

To: ahhaha who wrote (1670)	9/23/1998 12:07:00 PM
From: Ahda	Read Replies (1) \| Respond to of 1911

If we assume this happens in your opinion what will the results be. Wednesday September 23 8:36 AM EDT Greenspan Reportedly May Propose Rate Cut WASHINGTON (Reuters) - Federal Reserve Board Chairman Alan Greenspan appears before Congress Wednesday amid what the Washington Post said were growing signs the U.S. central bank chief may propose cutting interest rates next week. Greenspan testifies to the Senate Budget Committee at 2 p.m. The Washington Post Wednesday said there had been an apparent shift in thinking at the Fed. Greenspan said last week no coordinated global rate cut was in the works. One sign of the shift came Tuesday when William McDonough, president of the New York Federal Reserve Bank, indicated he was now leaning in the direction of cutting rates, the Post said. He was speaking at a London news conference and his views almost always mirror those of Greenspan, the Post said. Any change in rates could occur on Sept. 29 when the Federal Open Market Committee, the policy-making arm of the Federal Reserve, holds its next closed-door meeting. ''I can assure you that as I go into that meeting, I will continue to be very aware of potential weakness in our economy,'' said McDonough, who is vice chairman of the FOMC. McDonough also cited ''anecdotal evidence'' including a reduction in consumer confidence and reduced labor layoffs. Some economists have expected interest rate cuts in the wake of financial crises in Asian and Latin American markets. If rates were lowered and the U.S. dollar dropped in response, it would be easier for struggling foreign borrowers to repay debt. Lower interest rates could also stimulate world economic growth.

To: ahhaha who wrote (1670)	9/23/1998 12:53:00 PM
From: Ray Hughes	Read Replies (2) \| Respond to of 1911

ahaha: How much value is placed on looking backwards vs being able to foretell the future? Mythology tells you what the human race values is the ability to read the tea leaves. In all economies prices of many goods and services are collapsing and workers are being laid off. Sure, workers on the top of the pyramid are still being paid highly. But, as others have pointed out to you, there is a strong consolidation wave hitting many of these workers as the malaise at the bottom implodes the need for workers at the top. Look into the future for the consequences of the debt implosion, not at the past for the consequences of the debt explosion. The past doesn't make money for any but antique dealers. The most powerful emperors valued, and feared most, highly the seers of the future. They already knew what the past had wrought. By the way, there is a world outside the USA! RH