Waiting for the big Kahuna Message Board

STOCKTALK

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.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tommaso who wrote (14554)	3/3/1998 3:47:00 PM
From: Lazarus_Long	Read Replies (1) of 94695

<< the farmers were in a depression the whole time, during the supposedly boom phase. >> Good point. I'd forgotten about that. My feeling is that the different economic parts of the US in the thirties were more closely connected that international trade and finance is now. Whether that will make a difference - -we shall see. << Has anyone on this thread seen any direct evidence yet in the U.S. of the contraction in Asia. >> There have been numerous companies blaming poor performance on SEA. OTOH, cynics have pointed out that they had to blame it on something and why pick themselves? << maybe the hidden flaw is the vast overexpansion of credit in the US. >> Yes. Another frightening thought. I have one credit card (ATT VISA) which I pay off every month to avoid interest. And every month I receive dozens of offers for credit cards. It doesn't seen to occur to these clowns that the reason I am a good credit risk is the same reason I won't take their offers. And it doesn't seem to occur to them that they are causing their own problems by their behavior. They want to tighten US bankruptcy laws to recover more from their bad loans. Maybe they should just stop making bad loans. And ATT is selling its credit card business to Citibank. Citibank has said they are unhappy with people such as me. The head of their credit card division referred to us as "deadbeats". An interesting perversion of the term. Till now, I had always thought that a deadbeat was someone who DIDN'T pay their bills rather than someone who paid on time or early.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next