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

To: SBerglowe who wrote (28389)	4/22/2000 4:33:00 PM
From: Tommaso	Respond to of 42523

From the link you provided: "What has truly amazed us 'this time around' is that many will readily admit it is a mania, yet they'll continue to play anyway." This is the sign not just of a mania but an extraordinary mania. People are participating just in order to participate, the way that a whole crowd will start dancing. Happily, there is no legal or even social mechanism that compels anyone to speculate with real money. Various relevant anecdotes from South Sea Bubble times support this aspect of crowd psychology, as I am beginning to be tired of hearing, myself. The cover of the most recent "New Yorker," and much of its contents, is a commentary on the euphoria.

To: SBerglowe who wrote (28389)	4/22/2000 5:43:00 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 42523

Susan: Thanks, good article! Got JPM Leap Poots?<g>

To: SBerglowe who wrote (28389)	4/22/2000 6:22:00 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 42523

Message 13480674

To: SBerglowe who wrote (28389)	4/23/2000 10:59:00 PM
From: Archie Meeties	Respond to of 42523

"The sort of inflation that exists today is the sort that does not blow up. With wants insatiable, energy abundant, and guidance as informed as it is today, there is no weakness in the economic situation serious enough to plunge industry into a major depression." ..."Besides, experience has shown that, once a wholesome spring of credit is tapped, it is never allowed to dry up. As this efficiency will perhaps never grow less, this bank credit need never be called in." "Even so,it is asked, how is this credit to be repaid if no more such easy money is in sight? Probably nobody is misled by this implied fallacy, that there is only so much income. In large part loans repay themselves out of the greater income they create."