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To: Andrew G. who wrote (96258)4/19/2001 12:46:49 PM
From: Mike M2  Read Replies (2) | Respond to of 436258
 
Andrew, whatever the speed at which the bursting of the bubble comes the end result will be the same -- TL & EV. The decline of Nascrap from the March 00 peak of 5k was more intense than the year following the 1929 peak. Maintaining bad business positions with continued credit excesses will not create prosperity but merely prolong the pain. Mike