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We had Volker instead of Greenspan.
----- Original Message -----
From: "Charles Meyer" <chaze@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, November 08, 2002 6:47 PM
Subject: Re: [RT] The Answer my friend is blowing in the spin
> Norm-
>
> Any chance you can tell us why the 1973-1895 period of U.S. economic
history
> would tend to be
> the parallel to the current economy? Tks for any comments. Especially
> since this was before the
> creation of the Fed.
>
> chas
>
> ----- Original Message -----
> From: Norman Winski <nwinski@xxxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, November 08, 2002 8:17 PM
> Subject: Re: [RT] The Answer my friend is blowing in the spin
>
>
> >
> > ----- Original Message -----
> > From: "sue crew" <screwy@xxxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Friday, November 08, 2002 8:50 PM
> > Subject: Re: [RT] Answer my friend
> >
> >
> > > Earl,
> > >
> > > what is your view of things at the moment.? The USA to me looks like
the
> > > big titantic sinking and nothing is going to help.
> > > Monetary policy will be ineffective - and close to zero just like
Japan.
> > > Everyone due to Superfunds are heavily weighted to equities, the
ageing
> > > population and risk aversion will drive markets in my mind, and will
> > > particularly drive equity markets down. The information ratio will
> > > become the new focus.
> > >
> > > Cash and bonds will rule for the next 15 years.
> >
> > NW: Why would you want cash when there is a negative real interest rate?
> > Under this scenario,
> > money will depreciate in value. As for the mythical deflation, anyone
> notice
> > the CRB is up 22% since one year ago? So where is the deflation? It's
in
> > paper assets such as stocks. Yes, this situation should continue for
many
> > more years. War and cheap money makes for an excellent commodity
market,
> > which is where I have had my money for the past year and I strongly
> > recommended to this list to go one year go. War and cheap money also
> means
> > deflation or shrinkage for stock valuations which means even during an
> > economic recovery, the stock market will underperform the underlying
> > fundamentals. Look at the Nikkei for the past decade. You can see it
was
> a
> > loser's game for the investor and at best a game strictly for short term
> > traders. If you don't want to work too hard, wait for the next
commodity
> > fire sale and then buy, buy, buy. A study of the 1873-1895 period in US
> > economic history should be enlightening. Study the life and business
> > strategy of Andrew Carnegie.
> >
> > Buy Buy,
> >
> > Norman
> >
> >
> > >
> > >
> > >
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
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> > >
> > >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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