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


To: Enigma who wrote (33748)11/16/1998 11:39:00 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 94695
 
enigma - this time it is different <gggg> read today article of LTCM in the WSJ. In 1987 the markets were more or less on a relative basis "free markets" today you have heavy intervention of most central bankers including the US FED.

We are in a bubble and it is getting more severe by the day. Money is spent on supporting the Financial Assets Bubble with the hope that the real economy will catch up later.

IMHO it will not happen and erosion is on it's way. As soon as central banks will not be able to manipulate markets the bubble will burst.

Consequences - well Indonesia can offer some example.

BWDIK

Haim