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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (18374)5/24/2003 11:18:59 PM
From: Jamey  Read Replies (1) of 81972
 
The game can only go for so long. Banks and S&Ls have crashed before and will again. Debt has to be flushed out of the system eventually else we will continue to see 0% profits in the stock market and super high P/Es maintained . Look at some of the huge Bankruptcies where graft and debt was only hidden until it busted the seams of the companies. Sadly, analysts are still pushing these high PE companies for profit, CEOs will still get 400 times the average workers pay and millions of free stock options even though they do squat to save their company and the stockholders.

When investors lose complete confidence in the market where do they go? They go to real value in precious metals. That is the only thing besides oil and material holdings that will have any value in the not so distant future.

The government will keep the debt from crashing down on our heads but only for so long. They cannot falsify reports and figures forever. Too many honest gatekeepers, imo.

I figure that we will see high P/Es for at least another ten years or more. In the meantime, is the poor consumer going to continue to keep the economy afloat? I think not.

James
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