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Politics : Ask Michael Burke
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To: Joan Osland Graffius who wrote (64192)7/8/1999 2:54:00 PM
From: Mike M2  Read Replies (2) of 132070
 
Joan, that's what concerns me by delaying the inevitable the imbalances become greater resulting in a more severe bust. IMO There is no way given enough time things will right themselves we will simply have bigger problems down the road. It is possible AG thinks differently but history is on the side of the pessimists. Buying time by allowing more debt to accumulate and use greater leverage has never worked before. Mike
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