looney tunes

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had defeated Communism and Boris Yeltsin assumed leadership of Russia. Russia was then insolvent, it could not pay its workers and the economic collapse of the country was a certainty. The Ruble is now devalued, Russian banks failing and the world financial situation looks to be in chaos. Surprise, Surprise!

What now can we expect?The anxiety among mutual fund investors and all other "experts" in the economic/financial world, is far worse then any flu, it is spread electronically and instantaneously world wide. They begin to loose their grip on reality, act and react impulsively and check out the news this is what you see. Market analysts like to refer to this condition as a "correction", they dislike words like "meltdown", "sell-off" "panic" or "crash," but it is all of those things and then some.

The momentum that builds with this sort of thing combines, crisis upon crisis, situation upon situation, as the whole process of monitory management becomes totally out of control. As we saw with the Bank of Canada's increase in the Canadian interest rate it only slowed the dollar's decline, instead of stopping or raising it, while the Australian dollar almost steadily par with the Canadian dollar, has continued to fade to the mid fifty cent range. The inflated US dollar presents an even more precarious situation, as that money that has increased the apparent value of the currency, can flee just as quickly and the resulting reaction,
catastrophic to American business and employment.


		had defeated Communism and Boris Yeltsin assumed leadership of Russia. Russia was then insolvent, it could not pay its workers and the economic collapse of the country was a certainty. The Ruble is now devalued, Russian banks failing and the world financial situation looks to be in chaos. Surprise, Surprise! What now can we expect?The anxiety among mutual fund investors and all other "experts" in the economic/financial world, is far worse then any flu, it is spread electronically and instantaneously world wide. They begin to loose their grip on reality, act and react impulsively and check out the news this is what you see. Market analysts like to refer to this condition as a "correction", they dislike words like "meltdown", "sell-off" "panic" or "crash," but it is all of those things and then some.
				The momentum that builds with this sort of thing combines, crisis upon crisis, situation upon situation, as the whole process of monitory management becomes totally out of control. As we saw with the Bank of Canada's increase in the Canadian interest rate it only slowed the dollar's decline, instead of stopping or raising it, while the Australian dollar almost steadily par with the Canadian dollar, has continued to fade to the mid fifty cent range. The inflated US dollar presents an even more precarious situation, as that money that has increased the apparent value of the currency, can flee just as quickly and the resulting reaction, catastrophic to American business and employment.