Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: pater tenebrarum who wrote (43206)	8/26/1999 8:56:00 PM
From: Trey McAtee	Read Replies (1) of 94695

heinz- they were bent on stopping the speculation, which exacerbated the depression because there was no liquidity. today i think the margin problems are much worse. when things go badly, they could get really bad very quickly. the fed as some leeway in flooding the market with cash as they did last year ( very few realize just how close we came to bank failures). however, if we lose enough... if it becomes a real malaise, spending will stop and the whole thing will take maybe a year to work out. good luck to all, trey

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