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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: sun-tzu who wrote (62304)1/27/2001 1:19:21 PM
From: NOW   of 436258
 
"this whole process began in October 1998 with the collapse of LTCM and the Russian banking crisis. Three successive rate cuts of 50 basis points helped to propel us towards the "irrational exuberance" culminating in the March 2000 double top."
Which whole process is that?
try going back a bit further, say to the S&L bailout...
Ever hear the words "irrational exuberance?". when were they uttered?
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