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To: DOUG H who wrote (11701)	3/20/2001 9:01:47 AM
From: mishedlo	Read Replies (1) \| Respond to of 13572

And we do not have the same bubble on bubble with the credit time bomb and zero savings rate. Only difference is ours was based on overinflated (and still overinflated stock prices, especially NYSE) with no savings and huge debt. The end of this mess will not be pretty. M

To: DOUG H who wrote (11701)	3/20/2001 9:14:18 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 13572

Hi Doug, I think we've had more than our share of that here too. How many 125% mortgages were taken out during the NAZ bubble? I was just talking to a client yesterday who told me that there was a custom home being built down the street from him by a young couple (no kids) and they were pulling out all the stops. He doesn't know quite what the story is, but he tells me that construction stopped on the home about 4 1/2 months ago and it hasn't been touched since. The house is approximately 3/4 of the way finished and there it sits. BTW, this guy just brought up the stock market out of the blue, and the house situation was within that context. I actually see that as a positive at least short term for the market. Just the reverse of a year ago when the waiters and waitresses were sharing stock tips<gg>