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Non-Tech : The Critical Investing Workshop
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To: Voltaire who wrote (13841)4/15/2000 11:14:00 PM
From: RocketMan  Read Replies (1) of 35685
 
Well, V, I gotta agree with a lot of what you speculate. I think the houses are in trouble, as much if not more so than the individual investor. And I agree they will try to orchestrate the type of scenario you are suggesting. However, I don't think the houses are themselves the instigators of this mess. They only operate through nearsighted greed, and got caught this time. The cause is much higher, and more global, at the U.S. Fed and IMF levels. They have been pumping an pimping this economy for many years now, and a lot of chickens are coming home to roost. The houses were bit players that tried to take advantage of the situation. Let's see how they get out of this one. There's gonna be a lot of 'spaining to do.
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