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

To: Box-By-The-Riviera™ who wrote (1979)	10/5/1998 8:23:00 AM
From: Alex Greenland	Read Replies (1) \| Respond to of 3339

One major difference between now and then is the fact the dollar is a fiat currency as opposed to a gold standard one. That being said I have no idea how to add that into an analysis since I'm an engineer not an economist. JMO Alex G.

To: Box-By-The-Riviera™ who wrote (1979)	10/5/1998 8:56:00 AM
From: Box-By-The-Riviera™	Respond to of 3339

Alert: Meyer Says Role Of U.S. Monetary Policy Will Be To Cushion Coming Slowdown- Reuters - 8:30 am Alert: Meyer-Lower Domestic Appetite For Risk To Be A Factor In Slowing 1999 Us Economy- Reuters - 8:30 am Alert: Meyer-U.S. 1999 Slowing To Reflect Weaker Foreign Growth, Cheaper Stock Prices- Reuters - 8:30 am Alert: Meyer Warns Benefits Of Sept Easing Wasted Unless Crisis-Stricken Countries Act- Reuters - 8:30 am Alert: Meyer-Fed Sept Easing Was Consistent With Boosting Global, Domestic Economies- Reuters - 8:30 am Alert: Meyer-Balance Of Risks Had Shifted Enough To Warrant Fed September Easing- Reuters - 8:30 am Alert: Fed'S Meyer-U.S. Rate Easing Was Pre-Emptive, Based On Forecast 1999 Slowdown- Reuters - 8:30 am U.S. economists see limited Asia impact- Reuters - 8:29 am

To: Box-By-The-Riviera™ who wrote (1979)	10/5/1998 9:13:00 AM
From: Sun Tzu	Read Replies (2) \| Respond to of 3339

There is no difference between now and any other compareable era. Thi s may seem illogical due to technological and structural advances. But the scale of these advances are compareable to that of the previous eras. Internet and computers are not changin our times any more than the industrial machineray changed theirs. When taken in scale, telcomunication has not changed our time any more than trans Atlantic oceanliners and telegraph changed theirs. I read a detailed passage once that described a banking crisis due to excessive speculation and the huge bad debt on the part of a few major banks, causing failure of other banks and a credit crunch. It was resolved within 3 years by the government garanteeing the people's deposites and extending credits to the creditworthy businesses and temporarily taking over some of the banks. sounds very much like the S&L crisis and the bridge bank (or even the current crisis), but it happend in the Roman Empire about 2000 years ago. A lot of studies also have shown that major innovations (as oppose to mere improvements to the existing ones) come in bursts in a wave like pattern. It typically takes about 10~18 years for the society to absorb those changes and change always causes stress to the system. So while it is true that the many things are different, on a more fundamental level, it is not so different. Sun Tzu P.S. If we were using a gold standard, we would have been in the soup lines by now. There were very good reasons why it was abolished and those who crave the return to the old days, should re-read the economic crisis that the gold standard had created.