Fed hawks

W. Kiernan WKiernan at concentric.net
Fri Sep 18 15:08:30 PDT 1998


Mark Jones wrote:
>
> Naturally I was assuming (a) the dollar will collapse (b)
> postcapitalist Russian roubles will hold their nominal value. But I'm
> happy to make it a case of Lagavulin which I will give you if the DJI
> is above 3k this day next year, you me if not. Soglasno?

If the Dow goes to 3000 next year, and I still have a job, I'll buy both you guys a forty of Silver Thunder, that's the kind of generous guy I am; however, if you're the one who's still got the job, I may be hitting you up on the sidewalk instead.

You'll recognize me, I'll be the unshaven bum in the Karl Marx t-shirt (scanned the image myself, had it printed up at the mall by someone who told me he thought Jerry Garcia sure did dress weird for that photograph, and I told him the photo was from the "Workingman's Dead" album...)

Seriously, what does this mail-list think would happen to the unemployment rate in the U.S.A. if the Dow were to go to 3000, or even 5000? And how long do you think it would take before the layoffs began in earnest?

Yours WDK - WKiernan at concentric.net



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