Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (30489)	10/6/1998 7:39:00 PM
From: Bull RidaH	Respond to of 94695

Haim, Sounds like the U.K. is playing their favorite game again... "chicken." They have a history of holding out on interest rate cuts to protect their currency and markets...don't they? Meanwhile, I'm sure they're shorting the heck out of ours (currency AND markets). They played this same game in '29, and probably every other big U.S. slide in the history of our markets. It's the same old game...Pick a target country, short the markets, short the currency, then set policy at home to prop up the home currency versus the target country. The target country's currency slides, causing foreign repatriation of financial assets, which causes the target's markets to collapse. After the U.S. crashes and hits bottom...THEN they'll lower rates. But to do so sooner would be detrimental to their financial battle plan versus the U.S. This is obviously one big reason why Greenspan wouldn't do more, and even the little he did has enabled the dollar to slide 2 more percent in just a week. THE BRITISH ARE COMING...THE BRITISH ARE COMING!! Regards, David