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Pastimes : Home on the range where the buffalo roam

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To: DOUG H who wrote (11719)	3/20/2001 2:02:35 PM
From: mishedlo	Read Replies (1) of 13572

My point that you have missed is the massive amout of borrowing taking place in the US. Greenspan want to spend his way out of trouble when we have no savings at all. Will that do anything for CSCO? Hell no IMHO. If the CSCO value chain fails, what else will fail with it. That is what you are missing. We have ZERO saving rate (quite the opposite of Japan) but uttimately with the same disasterous end when the credit crunch crisis begins. M

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