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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: fswep who wrote (12044)	3/28/2001 6:50:11 PM
From: Raymond Duray	Read Replies (4) \| Respond to of 13572

Hi Ward, I wasn't surprised to find you here. Yes, but I am. Still attempting to educate the conservative (clique)? Heavens no. Why would I do that? I've become extremely well educated to the fact that prejudice and rigidity of philosophical bias are to be mocked, not changed. I have given up and decided to profit from their naiveté. You're in good company. I had to laugh this morning as Morgan, Stanley tried to unload 600MM Agere shares on the public. How pathetic. Lucent is going to blow up completely by the end of 2002. Won't be nothin' left, a'tall. BTW, they were only able to unload 130MM shares. Expect a lot of squawk boxes to be blaring AGRa fro a while. What a mess. Nortel is beginning to impress the hell out of me. Their last coup upon lowering expectations came when they peddled about $3 Billion worth of their shares to Joe Strauss at JDSDLI and snookered him within a week. Now they torpedoed LUlu's desperate act, trying to dump the dregs of LU's obsoleting stable of SS7/SONET products on the public via AGRa. That tip about Dunbar has been an excellent read. For lurquers, that would be Nicholas Dunbar's excellent book, "Inventing Money". Highly recommended. All about LTCM and the conniption fits they caused the financial markets in '98. I'm just now catching up with an older book. I'm reading Chernow's "House of Morgan". Whilst I cannot admit to finding the technical detail to be on the same plane as Dunbar's excellent treatment, it is a good general introduction to the role that the Morgan bank has played in the late 19th and 20th Centuries. I must admit to a bit of disappointment that Morgan's attempted coup d'etat of 1932 didn't get more play; but I guess it is understandable that Chernow, who was granted access to many personal papers as well as business correspondences of the principals of the Morgan Bank, would tend to be circumspect about one of the darkest moments in the bank's conspiratorial history. [[A search of the Web for Lt. Gen. Smedley Butler, USMC will yield a clear picture of the utter hatred that Chairman Jack Morgan and CEO Tom Lamont felt toward Franklin Delano Roosevelt. ]] I thought maybe a Wobblie would be appropriate. Er, I prefer "Progressive", in the school of Katrina Vanden Heuvel of The Nation Magazine or maybe Robert La Follette of an earlier era. Though I admit to understanding a thing or two about the Industrial Workers of the World and their causes. However, in point of fact, I proudly label myself an Anarcho-Groucho-Marxist. Have you been following the copyright issue of HIV drugs made in India, being sold in Africa? Shows the best of, American capitalism at work. I think it is a fine example of the best of "compassionate conservatism". Hasn't Dubya been great! Certainly has been. Ken Lay at ENE, Bill Wise at EPG, Keith Bailey at WMB are in utter agreement with you. 3 out of 300,000,000 Americans are doing just great because of the Shrub. Too bad about those 25 MM Californios who had to get clipped so the right people got game. Here’s something that will get your attention. LIFFE is going to partner with NASDAQ in offering Single Stock Futures. Now if we can just get Dubya to put the SS accounts in the market. What a feeding frenzy we will have. Considering how easily the Dems seem to have rolled over for the likes of AG Ashheap and the trashing of the environment, it's highly likely that they wouldn't put up much of a fight on the re-assignment of SS funds to the "right" people. However, it would take some real brass cojones for Shrub to run that one up the flag pole just now. Seems that a lot of newbie "investors" are getting to experience their first bear market, and I'd think there would be a general revolt among the populace today, should stock gambling be proferred as as an alternative to the present confiscatorial SS methodology. I know I haven't got the answers to this conundrum. The SS system made sense in 1950, when 50 workers supported one retiree. It won't make sense in 2025, when 2 or 3 workers will support one retiree. Especially to the workers. Best, Ray :)