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

To: Hawkmoon who wrote (34619)	11/30/1998 12:33:00 PM
From: per strandberg	Read Replies (1) \| Respond to of 94695

Once some nations start to default, wouldn't you expect a chain reaction of defaulting among the others?

To: Hawkmoon who wrote (34619)	11/30/1998 12:52:00 PM
From: John Gault	Respond to of 94695

Ron> I believe capitalism will/has evolved and will continue to evolve in the manner that the political system dictates. Through laws starting with the interstate highway system to now with NAFTA, GATT the political will is 'big is better'. It could have also evolved by realizing the concentration of power the regulations had and created built in monopoly protection clauses. 'Bigger is better' certainly has it's price though, and now with technology and production gains the world has the ability to over produce anything at anytime and these debt ridden countries will face, imho a race to the bottom. The race to produce more and more trying to pay off the debt and will lead to deflation and a global melt down. The price of 'bigger is better' is that business / countries destroy smaller operators, make countries more reliant on certain industries, destablize communities, and when they fail the whole country is screwed. PS. oil is one example, look at what protection laws France is trying to pass to protect themselves against Hog production for another. The list goes on and on, bigger isn't better imho.

To: Hawkmoon who wrote (34619)	11/30/1998 2:03:00 PM
From: Enigma	Respond to of 94695

RE: Ve - from Gold Price Monitor: To: CIMA (23597 ) From: Gabriela Neri Sunday, Nov 29 1998 8:31PM ET Reply # of 23625 Having just arrived from Caracas and having been visiting and living in the country (on and off)for more than 10 years, and having much knowledge about the country, its politics, its people, its economy, its food, its culture, its banks, its country clubs, and its context in world affairs, I seriously beg to differ with this analysis. The fate of mankind will not be affected by the electoral outcome in Venezuela. Rather, the intermediate term future of Venezuela will be affected, mas nada. I have rarely read such blown up out of proportioned fear mongering. Of course, on the surface, the situation has all the percieved ingredients of a great novel, such as can be expected when Columbia shares a common border and the major export accounts(oil) for the majority of the economic welfare of the country. But, it is a small country whose economy is almost irrelevant to the well being of the South American continent. Witness what occurred in Venezuela in 1994-1995 when it practically shut off its economic transactions with the outside world. What happened? Nada. Venezuela suffered and nobody hardly noticed. The US has strong vested interests, no doubt. But, this situation is easily managed by the US. If oil flows, it will be a non event outside of Venezuela. If oil flow is interrupted, then it will be dealt with accordingly, depending on why and how it occurred. And, talk about capital flight. Already, and for many, many years, the rich Venezuelans keep the majority of their money in dollars either in the US or Swiss banks (and even some German Banks). The country suffers, as a result of its inept politicians (and voting public who continue to elect them) a constant capital flight. So, this capital flight argument is more or less vacant. Venezuela is not a proxy for anything else except Venezuela. History has repeatedly demonstrated that. It lives almost as an island to itself, politically and economically. Why? Because it is so endowed with an abundance of natural resources that it can do anything it pleases, including moving backwards economically and politcally, and know that there is always a way out of any situation it will find itself in. MONEY. It has got lots of it-regardless of the current price of oil.

To: Hawkmoon who wrote (34619)	11/30/1998 4:40:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

Ron ; RE > Capitalism is neither good nor bad. It is merely a system that is shaped and warped to fit the cultural nuances of each country. Taht would be better said " it is both good and bad " , and a lot depends on the way it's set up. When you see the FED jumping in you know that it's not set up right, the rules it goes by swing like the pendulum of a clock, the right wing want to run it with out any rules, so the BIG Mafia can pick every ones pocket. When the rules are even half assed right it can be a blessing, but it's so full of corruption now that I don't expect the rules to change until after a crash. It's ironic that index funds and arbtrage trading has created a commuistic form of capitalism, & the party members turned out to be Republicans. Jim