SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Stockman Scott's Political Debate Porch
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jim Willie CB who wrote (9930)12/1/2002 10:38:32 PM
From: SOROS  Read Replies (1) of 89467
 
Many dot com companies figured out over the past 3 years, you can only borrow for so long to maintain your business. Now, consumers are about to get the same, hard lesson. Americans have been completely unwilling to lower their standard of living over the past 10 years, and they have borrowed continuously to maintain it. Now we are seeing incomes rise at much slower paces than personal spending. The attitude of "I deserve it" and the refusal to face reality continues. Bankruptcy is common place. Stock investors are buying stocks at very expensive prices with hopes of greatly increased earnings making them look at least not like Bubble stocks next year. When the consumer is tapped out and cannot borrow anymore to maintain their lifestyles, then the "hoped for greatly increased earnings" will turn into a fairy tale, and the bubble valuations will be seen for what they are and even worse. Then, as in Japan, it's on to new lows and unbelieving shock.

I remain,

SOROS
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News