Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: JRI who wrote (249865)	7/25/2003 9:40:28 PM
From: Earlie	of 436258

JRI: There used to be a decent collection of solid balance sheets in tech land, but of late, many of them have been trashed. When you get past MSFT and INTC, it's hard to find many of consequence. Debt levels on the other hand are rising. Excess capacity is a given, not just in tech land, but darned near everywhere. Historically, economies crush things back towards reality through bankruptcy and this time will be no different. Once the fed runs out of ammo, the bloodletting will begin in earnest. Actually, in a way, the bloodletting has in fact already commenced..... think of the MILLIONS of unemployed Americans and what has happened to their lifestyles. As their numbers increase, so too will the media's understanding of their plight. And as their numbers continue to grow, so too will the impact of their non-consuming be on the great consumer society. A year or two, it might have been possible to conjure up a vision of how we might be able to escape the coming depression, but not now. It looks like "critical mass" has been attained to me. Best, Earlie

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