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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (1630)	6/28/1999 1:00:00 AM
From: Mad2	Read Replies (1) \| Respond to of 3543

From Ablesons column this week: The smart guys at Dresdner Kleinwort Benson, the global brokerage outfit headquartered on the other side of the pond, in their latest commentary list some eye-opening data pointing up how important stocks have become in the average American household. You'll find the facts and figures laid out neatly in that table nestling at the bottom of these columns. In the years since the Crash of '87, equities as a slice of Jane and John's total assets have swelled by a formidable 250% and now constitute over 35% of total household financial assets, up from 17% a decade ago. Believe us -- if we get another '87, or anything even close, the economy will feel the fallout and in big doses. Kinda reminds me of Japan back in 1990 when they had their real estate bubble. Japan is in a pecular quandry in that the crappy performance of equities and real estate have the Japanese consumer hunkered down believing he has to save instead of spend, in a country that previously had one of the worlds highest savings rates. Mad2