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To: patron_anejo_por_favor who wrote (114181)	7/24/2001 12:05:44 PM
From: martin001	Read Replies (2) \| Respond to of 436258

NOw its the housing mkt keeping the economy up UFB - lets pick the biggest overblown overpriced bubble and hang our hopes on that! M

To: patron_anejo_por_favor who wrote (114181)	7/24/2001 12:08:41 PM
From: Don Lloyd	Read Replies (4) \| Respond to of 436258

patron - <<Greenspan said continually rising home values have created what he called ``a very substantial buffer of unrealized capital gains.''>> What a dumba$$ thing to say...he probably said in 3/00 that tech stock valuations created a "very substantial buffer of unrealized capital gains" for investors, too. Problem is, they STAYED unrealized...<NG> The difference is that the purpose of a stock investment is to achieve and realize capital gains. In contrast, the normal purpose of a home investment is for its use value as shelter. In this sense, the capital gain can only be realized by either death or homelessness, making it a pretty useless buffer. Regards, Don

To: patron_anejo_por_favor who wrote (114181)	7/24/2001 12:10:52 PM
From: Ken98	Read Replies (3) \| Respond to of 436258

Patron, he's a dotarding old fool and every word that comes out of his mouth only reinforces that fact. He's lost it, pure and simple. To wit: <<11:56am 07/24/01 GREENSPAN: SOCIAL SECURITY TRUST FUND ASSETS ARE REAL >> Real WHAT? IOUs? Real figments of his imagination? This is actually scary if he really said this.