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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 398.57-0.2%Dec 18 4:00 PM EST

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To: elmatador who wrote (9907)10/8/2006 2:09:59 AM
From: Maurice Winn  Read Replies (2) of 218594
 
ElM, of course there was some fallout, but it was trivial. It didn't really reach recession levels. In particular industries it was serious - those who had grown accustomed to a very high pay rate came back to Earth.

But there was not cascading collapse into Teotwawki levels, which it was asserted there would be. 2001 was NOT a collapse overall. Hardly anyone around the world noticed anything much in their daily lives. It was just the fancy people in the Biotelecosmictechdot.com sectors that had some adjustment back to normal levels. Big deal.

Sure, I took a pasting, but the average Kiwi wouldn't have noticed much if anything.

Mqurice
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