|
PureBytes Links
Trading Reference Links
|
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
<HTML>
<HEAD>
<META content=text/html;charset=iso-8859-1 http-equiv=Content-Type><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN"><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<META content='"MSHTML 4.72.3110.7"' name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2></FONT><FONT color=#000000 size=2>Kohath had
written:</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>>Listen, folks, anyone who thinks we could
have another 1987 crash is a lunatic....</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Well, I must be a lunatic, because I think
that we COULD have a crash...</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>However, I also believe
that the world COULD come to an end, or that the</FONT></DIV>
<DIV><FONT size=2>sun COULD fail to rise tomorrow. What are the odds
of these events? Well,</FONT></DIV>
<DIV><FONT size=2>pretty slim, but hey, they COULD occur.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>I agree with Kohath when he suggests that the old
"1987's chart looks like </FONT></DIV>
<DIV><FONT size=2>1999's, so a crash </FONT><FONT size=2>is imminent"
reasoning is flawed. As he points out, the </FONT></DIV>
<DIV><FONT size=2>charts are really </FONT><FONT size=2>not all that
similar. But, more to the point, even if they did </FONT></DIV>
<DIV><FONT size=2>match, so what? </FONT><FONT size=2>A lot of things
have changed over the past 12 years - to </FONT></DIV>
<DIV><FONT size=2>assume that this </FONT><FONT size=2>year will match a
prior year, just because a chart of prices </FONT></DIV>
<DIV><FONT size=2>looks the same - while ignoring all else that is different
- </FONT><FONT size=2>is naive. </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>This is NOT to say that a crash can not occur (as Kohath
implies) - it is</FONT></DIV>
<DIV><FONT size=2>just to say that an assumed correlation between charts
alone is not a </FONT></DIV>
<DIV><FONT size=2>predictor </FONT><FONT size=2>of a crash.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Jay Mackro</FONT></DIV>
<DIV> </DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Sat Sep 04 07:56:09 1999
Return-Path: <owner-realtraders@xxxxxxxxxxxx>
Received: from ml.nw.verio.net (ml.nw.verio.net [204.202.220.47])
by purebytes.com (8.8.7/8.8.7) with ESMTP id AAA19991
for <neal@xxxxxxxxxxxxx>; Sat, 4 Sep 1999 00:36:07 -0700
Received: (from majordom@xxxxxxxxx)
by ml.nw.verio.net (970819888) id XAA18056
for realtraders-sendemout; Fri, 3 Sep 1999 23:39:08 -0700 (PDT)
Received: from mail1.nwnet.net (mail1.nwnet.net [192.220.251.8])
by ml.nw.verio.net (970819888) with ESMTP id XAA18040
for <realtraders@xxxxxxxxxxxxxxx>; Fri, 3 Sep 1999 23:38:52 -0700 (PDT)
Received: from mail.rdc2.occa.home.com (ha1.rdc2.occa.home.com [24.2.8.66])
by mail1.nwnet.net (970819888) with ESMTP id XAA10439
for <realtraders@xxxxxxxxxxxx>; Fri, 3 Sep 1999 23:38:51 -0700 (PDT)
Received: from CX38282-A ([24.8.185.147]) by mail.rdc2.occa.home.com
(InterMail v4.01.01.00 201-229-111) with SMTP
id <19990904063850.IQVA15959.mail.rdc2.occa.home.com@xxxxxxxxx>;
Fri, 3 Sep 1999 23:38:50 -0700
Message-Id: <4.1.19990903231254.00b23b20@xxxx>
X-Sender: alevitin@xxxx
X-Mailer: QUALCOMM Windows Eudora Pro Version 4.1
Date: Fri, 03 Sep 1999 23:41:57 -0700
To: Philip <pschmi02@xxxxxxxxxxx>, RT <realtraders@xxxxxxxxxxxx>
From: Alexander Levitin <alevitin@xxxxxxxx>
Subject: Re: Kosovo and the DM
In-Reply-To: <37D06EA6.3A2DFCB3@xxxxxxxxxxx>
Mime-Version: 1.0
Content-Type: text/plain; charset="us-ascii"
Sender: owner-realtraders@xxxxxxxxxxxx
Precedence: bulk
Status:
At 08:58 PM 9/3/99 -0400, Philip wrote:
>I just got a news bulletin saying that the UN has decreed that from now on
the DM will be the official currency in Kosovo. It >comes from a reliable
source, not prone to pranks.
>
>What is the legal basis for decreeing that a foreign currency will now
>be used in a state that belongs to a sovereign country? Is there any
>historical precedent for this? Is my long-standing impression mistaken
>that the citizens of a country determine their own currency?
>
Kosovo is not a sovereign country. It is occupied territory. The legal
basic for it is the bigger fist. History has plenty of precedence for it.
>What is the purpose/rationale of such a measure?
>Is it customary that occupying forces impose their currency on the
>occupied nations? Did the Germans impose their currency on the
>countries they occupied during the Second World War?
Yes, DM was a "de facto" currency on Nazi occupied territory of Russia and
Ukraine.
>Is Kosovo "occupied"?
Do you need to ask?
What an occupying forces are trying to do in Kosovo, it is to start some
economic life. Local currency and banking system are none existing there. I
have heard that you can not get there a glass of water for $100 USD because
locals never seen a dollar in their life. But they did see DM and it is
universally accepted there.
As a song go "It is the world we live in ..."
Alex.
|