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Gold/Mining/Energy : Gold Price Monitor
GDXJ 124.11-13.6%Jan 30 4:00 PM EST
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To: Terry Rose who wrote (11031)4/30/1998 9:33:00 PM
From: bobby beara  Read Replies (4) of 116950
 
Terry, in my limited years of experience in business and life I have never seen such aggressive promotion of easy credit. Only a few years ago, I as a sole proprietor was hard pressed to get a bank to give me a credit line. Now everyone wants to throw money at me and I see banks giving anybody with a heartbeat a credit card, even Rover deserves a credit card to buy kibbles at Petsmart -g-

>>>If and when this credit bubble implodes, the risk of financial ruin for millions of these marginal and poor risk borrowers is mind-boggling. <<<<

It was scary to see the blurb in the local paper about the citigrupo thing, said "not since the great depression had so many financial services been under one roof".

I like Michael Moore and his 1989 movie Roger & Me preceded the recession by a year. He has a new movie out just as caustic to corporate america, LEADING INDICATOR?

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