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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tom M who wrote (67483)	9/10/1999 11:26:00 AM
From: Cynic 2005	Respond to of 132070

A short two years ago you could have bought an excellent 2500 sq ft new home for under 300k in Milford - midway between Boston and Providence, Chelmsford (near Lowell), Norwood, Randolph or Dedham. Houses were little more expensive in the west. Today, if you want to buy a house in any of the middle class, upper-middle calss, to affluent suburbs of Boston - you won't find any house (min 2000 sq ft) under 500k. On a RELATED note, if you ride any of the commuter trains to Downtown - you will find that about 4 out of 10 people in your car will be working in the most productive area (where computers have increased the productivity! -g-). That is, financial services industry. Quiz: find an oxymoron in the above matter.

To: Tom M who wrote (67483)	9/10/1999 1:50:00 PM
From: Freedom Fighter	Respond to of 132070

Tom, There are things missing from their formula: The willingness of this FED to supply whatever amount of liquidity is necessary to bail out its friends on Wall St. The existence a forum called CNBC that provides Wall ST. a way to advertise and spin whatever tales it takes to sucker more middle class money into the market. A government that's willing to change the way they calculate the numbers in order to perpetuate the illusion. Taxpayers that are too dumb in aggregate to know that they are getting raped and subsidizing the rich every time there's a bailout or more easy money. Global institutions that make sure that the rich creditors are taken care at the expense of the poor debtors. I could go on, but I think you get the picture. Each of us has different risks in the system we currently have. The bankers' and connected players risks are socialized. We get to eat crow. Wayne