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Politics : Ask Michael Burke
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To: PaperChase who wrote (62366)6/15/1999 9:21:00 AM
From: Mike M2  Read Replies (1) of 132070
 
Paperchase, the fact that the bubble has not burst does not invalidate the evidence supporting the case. Every boom created by credit excesses has led to a bust -it is an unavoidable consequence of the excesses engendered during the boom. There are no exceptions in history although the new era bulls would like to believe " it's different this time" . The sad reality is that the excesses are greater this time. Mike
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