Welcome to USAGOLD's "Gilded
Opinion" pages.
We invite you to browse our index
of outstanding gold-based commentary.
THE
ROCKET SCHOOL OF ECONOMICS
Greenspan's Bubble
by Professor von Braun
December 7th, 1999
One day, early in January of
the year 2000, a date not all that far away, a certain chairman
of a banking institution is going to wake up one morning and the
realization that he is not in control of what he is supposed to
be in control of, the US banking system, is going to hit him right
between the eyes. What he does next will be interesting.
What the markets do next will
also be interesting. Will they continue to skyrocket toward the
planet mars, or will they burn up as they get to close to the
atmosphere of the red planet? Everything else seems to if NASA's
activities are anything to go by.
The question for most sane investors,
(the ones that are amazed by the activitie's of Federal Reserve
and of the US stock market's), as we enter this apparently "new"
millennium, will be "where do I look for value?" A reasonable
question and one that is not easy to answer.
Certainly commodities look interesting,
and perhaps we have been witnessing the final fling for paper
assets for years to come. What a party it has been. "Bubble
on" should be remembered as the catch phrase of the late
nineties. The "whose to blame" for what caused this
to happen game will begin and much ducking and diving will take
place.
Will the lesson learned be that
you should not put the fox in charge of the chickens? Certainly
having an investment banker run the treasury is an example of
this. Even though he left, I would be surprised if there weren't
too many chickens left that he did not have access to.
Believing one is invincible
is usually a sure sign that you are about to trip up and there
certainly are people around who fit that category.
The Prof can be contacted by email
at profvonb2@aol.com
Copyright by Professor von Braun.
All Rights Reserved. Reprinted at USAGOLD
by permission.
Return to the The
Gilded Opinion Index Page
The Rocket School of Economics
-- The Lecture Series Index
The commentary/opinions offered
by all guests at this venue are expressly their own and do not
necessarily represent the views of the management or staff of
USAGOLD - Centennial Precious Metals.
Centennial Precious Metals
Gold
coins & bullion since 1973
P.O.
Box 460009
Denver, Colorado 80246-0009
We educate first-time investors!
|
We
invite you to contact our trading desk
for quotes and purchase information.
6:00am
to 6:00pm MtnTime; Mon-Fri
admin@usagold.com
|
Remember: It's your purchase
of gold from USAGOLD-Centennial Precious Metals that nourishes
these pages
USAGOLD Rated A+
Saturday March 20
website support: sitemaster@usagold.com
site map - privacy policy
The USAGOLD logo and stylized gold coin pile are trademarks of
Michael J. Kosares.
© 1997-2010 Michael J. Kosares / USAGOLD All Rights Reserved
