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To: goldsnow who wrote (35990)6/27/1999 1:40:00 PM
From: Hawkmoon  Read Replies (1) | Respond to of 116782
 
These things always occur to various degrees.

We had our own real estate bubble during the late '70s and '80s when inflation made it condusive to borrow money that would be paid back with inflated dollars several years in the future.

But then that sector, just like the oil sector, faced its point of correction. The key is to make sure that bubbles bursting don't become systems bursting. Let the bubbles burst one by one, and not all in unison.

The process of creative destruction.

Much of the world has been in relative low/non/negative growth for the past several years. And I think that we've got more to come from Y2K fears (real or psychological).

Btw, I don't think Taurus knows what he is saying, either... <VBG>

Regards,

Ron