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To: Jibacoa who wrote (9706)	9/10/2001 1:05:21 PM
From: Bucky Katt	Respond to of 13094

Bernard, it is starting to fizzle, natch, as no one is willing to really commit heavy funds just yet. I hear rumors of a intra-meeting fed cut, but that still does not solve the root problem, which is world wide over capacity. The best thing would be to just let all the weak, overleveraged companies, on a global basis, fail, just let them eat it. But, then G-7 banks would have to eat it too, so I guess we won't see that happen. Just keep those under & non-perfoming loans on the books, forever. This ban-aid approach just isn't working. And to think that the US consumer is now the pivot point for the global economy is just astounding to me. It seems to me we are fast approaching a very critical point on a global basis. So, when the going gets tough, the tough usually go to war.....something big seems likely.