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By the way James, I don't let my personal opinions interfere with my
trading. My opinions have always been unprofitable in the past, so I won't
make those mistakes again.
Kevin Campbell
In a message dated 1/2/00 6:05:51 PM Central Standard Time,
jptaylor@xxxxxxxxxxxxxxx writes:
> Who said anything about dropping out of society or hiding in a cave,
> certainly not I. A bubble of this magnitude only comes around once in a
> hundred years, the opportunities to get wildly rich from its collapse are
> plenty.
>
> A spike in crime is not equivalent to a complete upheaval of the populace.
> I do not think that will happen. There will likely be mass demonstrations
> like there were when Reagan took office, back in 1992 as thousands of
> unemployed workers marched to protest. I do believe that the citizens of
> the US are the same as the citizens of South Korea, Japan, and Brazil. If
> they are fired en masse from their jobs, lose their homes, and there is
> little to no opportunity to earn a living -- many will turn to crime.
> History proves this. Recent history I might add. I believe that the
> Federal Government is already anticipating such events based on some of
> their past legislation: severe limitations on Habius Corpus (to speed up
> death penalty executions -- eliminating Federal Court review of State
> cases), and severe cut backs in welfare programs, and a boom in the prison
> business.
>
> The goal of even mentioning the bust & likely aftermath was to temper the
> wild-eyed, giddy, unfounded optimism for this bubble. I believe the market
> mania has severely hurt this country in a multitude of ways. It may be
> years (if ever) before the truth is ever told to the US citizens on how
> fiscal mismanagement (Greenspan) and rampant unchecked government spending
> (Reagan/Bush) got us in this mess.
>
> Meanwhile we hear nonsense lines from clueless folks like Mr. Holverstott
> "James likes to paint Alan Greenspan as the Great Satan. While I don't
> think he's God, I think he's done a pretty good job. We've had good
> growth in the economy and inflation has stayed under control. That's about
> the best you can expect from a central bank."
>
> One confidence is lost in the ol' Greenback, the party will get started.
> Notice the high correlation of the US Dollar with the Dow and S&P. When
> the market bubbles burst -- so should the dollar.
>
> James
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