Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (11363)	11/26/2001 1:19:25 AM
From: LLCF	Read Replies (2) of 74559

<I just want to tell you that things are worse than you think in telecom> Just reminds me of something in relation of Maurices belief that AG such a good fed chairman. Just think how great things could have been if all the money that was .bomb and telecombubble' deals as well as other mal-invested funds would have been put to work over a much longer period of time... the deals would have made much more sense and gone, no doubt, into deals in areas described in the "manifesto" of geometric growth he is waving around. Instead, the artificially low rates and massive credit involved in the mal-investment may actually delay such investment for no one knows how long... it depends how bad this recession/depression ends up being, and how badly investors are damaged. DAK

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