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To: prosperous who wrote (67694)2/14/2001 3:44:41 PM
From: LLCF  Respond to of 436258
 
musing much appreciated.

dAK



To: prosperous who wrote (67694)2/14/2001 4:00:34 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
i believe you underestimate the size of the imbalances/excesses. it's not just that the stock market is at idiotic valuations, it's primarily the credit bubble and the current account deficit that need to be mended. and that will require more than an average downturn.


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