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AMZN 222.55-4.4%Nov 18 3:59 PM EST
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To: Lizzie Tudor who wrote (63765)6/22/1999 12:48:00 PM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 
I think his point is that I don't think the exploding real estate values out here mean much as far as the US economy is concerned. Some people here share KIS' view that this huge bubble in housing costs (which they attribute to Greenspan's "loose" handling of the money supply) will eventually unravel causing a deeper recession than we would have if things just slowly escalated upwards

I doubt KIS thought that far ahead. You are giving credit where credit is not due.
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