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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (44312)8/7/2003 3:24:06 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Edmund L. Andrews of the NYT reveals his innermost feelings about markets and market economies with vivid nautical imagery: "If cheap mortgages have kept the economy afloat," he says, "the economy may have just sprung a leak." His guarded prediction: the economy is going to sink, the Fed (our lifeguard?) is powerless, we all are going to drown.
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