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Politics : Welcome to Slider's Dugout

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To: jim_p who wrote (5811)	8/6/2007 10:24:02 PM
From: SliderOnTheBlack	Read Replies (1) of 50482

jim p - great comments... There's no denying that this has been an unprecedented debt & credit orgy. Also no denying that a correction is underway. We've already seen a lot of carnage. The homebuilders who were the direct beneficiary of this insanity, have now given back virtually their entire move from this cycle. We've seen scores of U.S. subprime lenders go bankrupt, with spillovers and bailouts also seen in Germany and Australia. It's a matter of whether the Fed has all their ducks aligned. It will be interesting. Tomorrow could see some manic swings. Glad to see you back... don't be a stranger...and don't hesitate to speak your mind. I always look forward to hear what you have to say. Good to see you back, Slider

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