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To: t2 who wrote (43196)11/8/2000 9:45:15 PM
From: bambs  Respond to of 77400
 
The problem is that the Fed can't fix things this time. They can crank up the liquidity machine but the funds aren't going to end up where they are needed. The fact is, broadband to the home got ahead of itself. People talked of fiber to the home on this thread months ago...it won't happen at the growth rates everyone thought. Too many companies out there are getting into price wars as there is an over supply of so many things. The result is, many companies can't squeeze enough real earnings out of the sale of thier products to pay their debt bills. "The bond and equity market is closed" for many now. It's a massive pyramid and the bottom has come out. Nothing can stop it from falling down now. The Fed can slow things down and try to bounce it here and there but the trend will be down for years to come. The Fed can't produce enough liquidity in the credit market to stimulate demand enough to save the many failing businesses that exist today.

Bambs