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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (26464)	4/15/2000 9:02:00 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 42523

Message 13434315 Hmmm, perhaps the dip is not quite ready to be bought, eh.<g>

To: Ilaine who wrote (26464)	4/15/2000 11:03:00 PM
From: RocketMan	Read Replies (1) \| Respond to of 42523

About that $1M Palo Alto bungalow with a pledge on dot.com stocks or options, yep, that's a problem. Seems like it was in the mid-70s or early 80's when the last bust happened in Silicon Valley, and it was very hard to sell a house. It was all chip companies back then. Most of the dot.com people have not seen a bust cycle, so it will be interesting to see what real estate prices do out there when there are a glut of million dollar homes on the market and not many millionaires -- not even many jobs. A recession in the 3rd or 4th quarter seems inevitable. We should have another .5 to .75 rise in interest rates by then, and I doubt if much investment capital is going to be thrown at startups. In addition, the established companies will probably be cutting back. Of course, by then the Fed will probably be pumping the economy again to prevent large scale deflation, so we should have another great boom market next year. The economy could never operate on its own. What would we do without such a wonderful government to create booms and busts?