Forum Archive Index - September 2000

[Deb Anderson <deb.a@pop.ihug.co.nz>]

Well thanks for your input.  :-)
Maybe the US market is the place to be!


At 13:25 11/09/00 +0100, you wrote:
>Deb:
>
>I always find in these situations that the best course
>of action is to lie through your teeth. However,
>personally what I have done is use a man on the ground
>in Sydney who is a resident/citizen. 
>
>Gareth Morgan is a treat and the only person I know
>who is more depressing than me (before I emigrated).
>However, he could be correct given certain events. But
>we all love bad news don't we. If some of the
>following events occur there could be a depression:
>
>Global equities collapse
>Recession hits States and Europe
>Orders stop coming in for NZ goods
>NZ dollar drops further
>Interest rates rise
>Receiverships increase
>All Blacks get beaten by France yet again
>Taksos Naksos gets a haircut
>NZ'ers are forced to watch prime-time re-runs of Gloss
>
>So who knows.
>Depressions are times of great opportunity of course
>but I don't think Gareth is being very helpful with
>regard to general confidence.
>
>There was an economist called Batra who used the same
>technique and a firm of brokers in Auckland (Buttle
>and Co.) who made wild predictions. If they came true
>they were geniuses. If they were proven false in time,
>everyone had forgotten anyway.
>
>The truth about economics is it is unpredictable.
>Having said that though, I feel that a massive
>shakeout is inevitable in stocks. Whether that will
>stuff the real economy I don't know.
>



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