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To: schrodingers_cat who wrote (123166)4/7/2001 3:43:23 AM
From: GST  Respond to of 164684
 
"What if all those bonds go bad? Who holds them? What are the economic consequnces of such a huge volume of bad debt?" Yes, bad for the holders of this paper and just as bad for equipment suppliers whose markets are wholly financed in this way. We could also discuss the huge uncertainties over rival system architectures and legacy systems -- it is indeed a mess that is likely to persist for years.



To: schrodingers_cat who wrote (123166)4/7/2001 10:42:21 AM
From: John Chen  Read Replies (1) | Respond to of 164684
 
Sch_cat,re:"consequence...huge volumn of debt". This
reminds me of the 'saving and loan crisis'. I know it's not
the same, but if anything close to that or worse than that
is 'really really bad for a long, long time'. How long?
Can you spell 'JAPAN'?

This is not purely, economic cycle. This is 'structural
damage'. Unless AG keeps printing out more money, Japan,
here we come and we're going to beat the shit out of your
record.

No.2 of world economy: Japan: 1989...counting.
No.1 of world economy: U.S.a: 2000...counting.

When automobile industry puts the 'internet trading' on
the dash board, that's the bottom.

Before that happens, the 'wireless industry' is helping
it out.