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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: mishedlo who wrote (202961)11/7/2002 1:35:55 AM
From: patron_anejo_por_favor  Read Replies (2) of 436258
 
The bottom line is that the U.S. standard of living will be in an inexorable decline for the next 10-15 years at least. Savings WILL be rewarded, because capital destruction will continue at a frenzied pace in the capital markets, at just the time the "powers that be" have conspired to push bagholders back into the market(s). An ugly, ugly scenario, to be sure.

A good roadmap for this is Gerald Loeb's superb depression-era investment opus, The Battle For Investment Survival. That's precisely the mode we are in now.<NG>
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