To: pater tenebrarum who wrote (55714 ) 6/29/2000 11:17:00 AM From: Tunica Albuginea Read Replies (1) | Respond to of 99985
heinz, you forgot something on your list of potential pins for the bubble economy: Eli Lilly's new breakthrough drug, Protein C, to treat septic shock:siliconinvestor.com A 5 billion dollar blockbuster. How much is 5 bill heinz in HealthCare? 5 Bill is about half, the 10 Billion, very expensive End Stage Kidney Disease Medicare Program that treats Dialysis patients. So we now have one more expensive cookie. For those that will immediately rain on me as a heartless doctor and say thatthis drug will save lives and allow us to get into productive lives and help raise GDP , let me point out that Septic Shock is usually a disease of the very ill people, whose chance of living a gainful productive life is very, very, very, small.They are usually people with -advanced cancer, leukemia -advanced age from a nursing home with Dementia and indwelling bladder catheters. -chronically bedridden patients with strokes etc . Get your wallet ready, again, folks and stop kidding yourselves:. And forgive me heinz, I know that in the realm of moneys that MDD contributors deal with ( trillions of slush floating around the globe looking for a home ,looking for a hoooome,... ooohoo we got to have a hoooome, #4, The Boll Weevil Song @Brook Benton.com cdnow.com *BROOK/itemid=267485 I was saying, 5 billion is peanuts. However as they say, 5 bil here and 5 bill there, after a while you are talking about real money here, :-) TAMessage #55714 from heinz blasnik at Jun 29, 2000 9:51 AM ET Joel, i think the reason why things are likely to come to a head is the fact that the global economy is now synchronized...thus the demand for capital and resources worldwide is beginning to outstrip the available supply. the result are rising rates, widening credit spreads and rising raw materials costs, especially energy. and one thing a debt bubble is ill equipped to deal with are widening credit spreads and an inverting yield curve. this is why the situation is more dangerous now than it has been previously. furthermore the trade/current account deficit has simply become too big, and its rate of growth too daunting. to bring it back into line, the US economy must slow down drastically, and the dollar must fall. that will lead to foreigners dumping US paper assets... however, the demise of the bubble in the near future is not something that is set in stone...it has proven extremely resilient in the past, and the Fed is trying its best to keep it going by massive reserve injections. regards, hb