Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 214.94

-0.1%

3:59 PM EST

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To: Dan3 who wrote (85650)	7/24/2002 12:22:43 AM
From: kapkan4u	Read Replies (2) of 275872

<But if a rate cut (or two) can bring another wave of refinancings, it will add some liquidity to the economy. > This is like Elmer rolling out his QQQ short puts -- digging a bigger and bigger hole. The current debt levels are unprecedented already. Refinancing and spending the house equity is not a sustainable source of capital. The US stocks went from $17 trillion to $10 in two years. No rate cuts can compensate for that. There were only two bubbles before (three if you count the tulips): in 1929 in US and 1989 in Japan. We know what happened then. The history was quick to blame politicians, but I think that post-bubble depressions are inevitable because of huge destruction of wealth. I hope I am wrong on that. Kap

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