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Technology Stocks : How high will Microsoft fly?
MSFT 508.82+0.6%3:59 PM EST
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To: sandeep who wrote (54597)12/20/2000 2:34:27 PM
From: Dave  Read Replies (1) of 74651
 
This could be the downfall of US economy if people start becoming xenophobic and build walls around it.

I agree. But unfortunately, when the economy begins to crumble, the first thing to rise out of the ashes is Fascism. The last time we had a good healthy Depression, desperate people around the world followed the siren songs of National Socialism, fascism, or whatever their local dictator promised would save them from the fruits of their excesses.

This Depression could easily outmeasure the last one. This stock market mania was considerably larger than that of the twenties, and more of the U.S. public had its savings in the stock market.

I recommend reading It Can't Happen Here by Sinclair Lewis, written in 1935, two years after Hitler came to power. The story, a warning against complacency, could have been written today.

Dave
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