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Pastimes : All Clowns Must Be Destroyed
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To: pater tenebrarum who wrote (20145)3/27/2000 8:33:00 PM
From: Giordano Bruno  Read Replies (1) of 42523
 
"In 1990, Citibank almost went broke because they had a staggering, $23 billion exposure to the real estate market, which had been distorted by unprecedented capital pouring in during the '80s. It kept the economy going, but eventually we recognized that everything built in the last five years was worth less finished than it cost to build. That's the kind of distortion we're getting in tech stock valuations today."

recommended reading from the rap

suntimes.com
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