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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST
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To: Hiram Walker who wrote (699)1/14/1999 1:31:00 PM
From: charger  Read Replies (1) of 3543
 
I agree. They drew a line in the sand with the Brazil bailout package. Let Russia and Asia go, but not Brazil. That would hit too close to home, not in my backyard...well, Brazil is about to go over the falls along with the rest of Latin America. Then what will they say? Well, Japan and China are rebounding, etc. etc.

I get the feeling that information on the dire situation around the globe is being withheld from the general public. How the hell do I know what's going on in China except for what they spoon feed me in the paper!

Up until now, any collapse of a smaller peripheral player has been viewed as a positive for our economy. It keeps rates low while growth continues...perpetuating Goldilocks. However, if Brazil et. al. can't afford to buy our goods anymore, the whole thing will implode very quickly like a black hole, and by the time everyone can see it coming, it will be too late. The 'buy the dippers' will have their comeuppance eventually. Sorry to sound so grim, but my basic theory is that Y2K will send the weak global economy into oblivion...the U.S. may claim to be ready, but I guarantee Brazil/China/Mexico are not.
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