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To: robnhood who wrote (34537)	11/7/2000 12:47:15 PM
From: pater tenebrarum	Read Replies (4) \| Respond to of 436258

i think the explanation is simple...it's a mixture of spin and additional liquidity that makes them go un-noticed. as he mentions, no-one at the Fed is for instance losing one word in public about the worrying levels of debt in the economy, or other imbalances. did you ever hear a mainstream analyst talk about this? the only ones i heard lately voicing some concern are the dudes from PIMCO, Bill Gross and the other one. they can't help noticing after all that the junk bond and corporate bond market in general are imploding. if you were voicing doubts about the boom in September of '29, you were immediately branded a quack by the media...happened with Babson, after he delivered his now famous speech that led to the initial break in stock prices. his views were roundly denounced. but he was not only right, he even timed it perfectly. at the time the marketplace also seemed to ignore the growing signs of unstable excess...as it turned out, ignoring reality didn't help...in the long run it always comes back to bite.