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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Broken_Clock who wrote (22131)5/15/1998 6:17:00 PM
From: waverider  Read Replies (2) of 95453
 
OT....O.K. PK, you make some very good points. And I partially agree with you in terms of the dangers of our national debt.

That said, debt is a good thing if managed properly. I have a home because of debt and have leveraged my assets to make more money than I could have otherwise (don't think I took out equity on my home to invest in the market 'cause I haven't...now I know you were thinkin' that, right? :).

That said (I think I said that before), debt can be excessive and we (the US) are in that forest now. I know there are dangers, but I have faith in our country to pull itself out before it becomes a disaster. That's just the way I view the world. Perhaps I can buy you a beer at our party and we can discuss this more. I'll use my credit card. ;)

BTW, I have several other buddies who work in Asia...and you are right about that situation. WE HAVE NOT seen the end of their troubles by a long shot.

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