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Gold/Mining/Energy : Mongolia Gold Resources -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (3528)	5/17/1999 7:46:00 PM
From: d:oug	Read Replies (1) \| Respond to of 4066

Information posted on the Gold thread, views that seem correct to me. Doug From: John Hunt Monday, May 17 1999 Pictures of a Stock Market Mania For The Internet Crowd home.earthlink.net Updated May 13th ... Goldman Sacks will be toast one of these days ... Just like after '29. From: John Hunt Monday, May 17 1999 Comments by Paul Volker ...speech that Paul Volker made Friday at a Credit Suisse-First Boston Reuters quoted Volker as saying that, "If we had a pretty good recovery in the rest of the world, inflation concerns would rise. And we had some concern this morning." (Remember that these quotes came on Friday). The article continued: "Volker acknowledged that the U.S. economy had changed largely due to technology that has increased U.S. productivity. This has allowed U.S. corporations to boost output and profits without inflationary price hikes. 'This expansion has violated everything I know about the economy,' Volker said of the second-longest expansion on record, in which the economy has grown at a robust clip while inflation has stayed tame. 'Part of the explanation is we are doing so well because the rest of the world is doing so poorly...inflation has been so good because commodity prices are depressed and everyone else has excess capacity utilization,' the former Fed chief said." ... "The fate of the world economy is now totally dependent on the growth of the U.S. economy, which is dependent on the stock market, whose growth is dependent on about 50 stocks, half of which have never reported any earnings," Volker said. stocksite.com stocksite.com ?article=1999/05/rap0517.html