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To: Mike M2 who wrote (96246)	4/19/2001 11:57:35 AM
From: Andrew G.	Read Replies (1) \| Respond to of 436258

Excellent points, Mike. And I should clarify per Dax questions. There can't be talk of massive financial ruin (which is really what a 'bubble burst' is all about) without some implications towards the viability of the system in which it operates. It's not so much a question of ideology as it is about the way the gov't manages monetary policy internally and in relation to global markets and how financial institutions manage their activity. It is, in my mind, apparent that major financial shocks cause a redistribution of wealth and that this has the effect of purging certain financial entities and sectors of the populace from a degree of growth and proclivity towards speculation and strengthens the hand of more dominant fixtures in the financial world. It's a re-polarization of sorts, survival of the fittest, if you will. But I don't see our present circumstances as precipitating an event to the degree that many here on this thread are expecting. I see the effect as more gradual, and unfolding over time. Not a sudden or abrupt bubble bursting shock.