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

To: Joan Osland Graffius who wrote (81936)	6/24/2000 11:55:00 PM
From: Earlie	Respond to of 132070

Joan: Their actions completely mystify me, especially Fido. I suspect that Capital has just decided to "emulate Fido", but without Fido's massive cash inflows, Capital may be getting in well over its head on this one. I agree with your perspective as to who the intended "bag holder" is. Wouldn't it be delightful if Joe SP saw through this silly scam before he was recruited? (g) Best, Earlie

To: Joan Osland Graffius who wrote (81936)	6/25/2000 1:10:00 AM
From: Freedom Fighter	Read Replies (3) \| Respond to of 132070

Joan, >>I hope I live long enough to see the finger pointing after this bubble.g><< I suspect we will, but I am willing to bet that the finger will be pointing in all the wrong directions. Let's face it, there are so many aspects to this environment that are so clearly scam like that you really have to be challenged in some ways not to see it. Yet they only get discussed on a very limited basis and mostly in non-mainstream and foreign media outlets. Only after everyone including the dead people know about it does it make its way to CNBC, Businessweek, the Times, WSJ etc... (Gretchen at the Times is one exception and a few reporters at Barrons are another.) I can't tell you how much of this is incompetence, how much is related to the political interests of newspapers, getting ratings etc.... But no matter what the ratio I can assure you that Wall St. will get off without almost any blame. In fact they will receive help from the global institutions that are in place if the bursting becomes a global event. If it gets really out of hand the taxpayer will get stuck with the bill and it if gets totally out of hand the Fed will print whatever amount it takes. When they are discussing what went wrong they will blame it on everyone and everything except Wall St., the Fed, the media, the fiat monetary system, the government bailouts and misleading statistics etc... They'll blame capitalism, markets, bears, shortsellers, and everything else that has nothing to do with with it. Wayne

To: Joan Osland Graffius who wrote (81936)	6/25/2000 1:17:00 AM
From: Skeeter Bug	Respond to of 132070

jaon and earlie, i think the game is that they REALLY believe the hype behind 2h boom in memory. seriously. they are TRUE BELIEVERS. this 2h might be decent. not much growth over 1h, but profitability seems assured. micron spends $1 billion to make $500 million. should we parade or be surprised when they make $500 million? ;-)

To: Joan Osland Graffius who wrote (81936)	6/27/2000 11:51:00 AM
From: Eggolas Moria	Respond to of 132070

This bubble is no different than many others throughtout history, the saving grace being that we don't have vastly inflated commercial real estate prices to weather. The unwinding of that type of leverage has been the precursor of much financial dismay. I wish I could recall the name of the author who wrote about that connection (started with a K . .. Klein something . . . I'm getting too old). The tech mania of 1966-1968 is really a pretty good comparison, IMO. That unwound also, but it took the oil embargo, high inflation and a devastated presidency to build into the great correction.