BOOKS ON DOOM ARE SCARCE....Just go to the book store, HERES THE OTHERSIDE THOUGH

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Yes, the doomers have been wrong. But thats only up until now. We still have tomarrow. Several years back I saw several books on doom. Thats all changed now. Searching the book stores I don't see anything about doom. From a contraians point of view this is not good time to be optimistic. If the media was so smart, how come we were led to believe several months ago deflation was here. What do we have "INFLATION". The books out there are all calling for a economic boom ahead. With silly numbers on the DOW of 40,000 around the bend. We just had an economic boom. It's history and 15 months from now think about what I just said when the economy is contracting. With the longest expansion in history, it ain't gonna be no pic-nic when this baby crumbles.

-- LANNIE (lannie@yahoo.com), January 13, 2000

Answers

LANNIE:

Try used book stores. Much cheaper and sometimes only a week old!

Also, many fine members of TB2000 have gone to extraordinary lengths to show us a correlation between what economic "experts" say now vs what the "experts" said just before--and during--the '29 crash.

Among the many things I've learned is not to put any faith in the "experts". This is not to say ignore them, ridicule them, flame them, etc. but to consider the message and reach my own conclusions...

I think you will not see definitive evidence of a coming stock market crash. Forget what folks say, watch what rich people do; they'll want to protect their wealth.

Beyond economics, there are myriad threats to "life as we know it" out in, and beyond, the world today. To recognize a threat and take prudent action is the mark of wisdom...

God be with you.

-- (Kurt.Borzel@gems8.gov.bc.ca), January 13, 2000.


Popular opinion is almost always wrong at major historical turning points, such as 1929. Even in 1940, most people in the US thought the war in Europe was a big joke. Does amyone remember the early 1980's when the stock market PE was under 10 and gold reached over $800 per ounce? The doom and gloom books were best sellers then (Harry Brown, Ruff, etc.). Today, the majority of people in the US seem to believe we are invulerable and the stock market will never decline more than 20%. I think that is a fairly good indication that we are approaching a turning point.

-- Dave (dannco@hotmail.com), January 13, 2000.

What do you think TPTB (capitalists that run core economic production ) are going to do about bubble.com? Will Yahoo.com buy Exxon-Mobil next or maybe Amazon.com will buy General Electric?

The current market capitalization of high tech/bubble.com has grown so large that such takeovers can be contemplated.

I do not think the heavy asset manufacturing based industries are going to allow their corporate structures to be taken over by two guys and an internet backbone.

Once "general accepted fundemental analysis" for price/earnings; return on assets; dividends(yield); return on investment etc are applied to the bubble the bubble will burst.

Y2K is a known problem with a known timeline; bubble.com is a known problem with an unknown timeline. Sooner or later there is no greater fool.

-- Bill P (porterwn@one.net), January 13, 2000.


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