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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: tradermike_1999 who wrote (13022)1/9/2002 7:33:51 AM
From: KyrosL  Read Replies (2) | Respond to of 74559
 
>>Clinton passed a $50 billion bailout package for Mexico and advertised it as an aid package to help their economy. None of the money went to Mexico. It all went straight to the accounts of Morgan Stanley and Chase Manhattan bank. $50 billion was transferred from the pockets of American taxpayers and placed into the coffers of Wall Street banks.<<

Wrong!!! The American taxpayers got every single cent of the Mexican bailout money back with interest. Moreover, the bailout money was instrumental in saving Mexico's economy. As a result Mexico is arguably the most vibrant Latin American economy today and the Mexican peso is one of the few currencies that is actually appreciating versus the US dollar.

Kyros



To: tradermike_1999 who wrote (13022)1/9/2002 9:10:20 AM
From: LLCF  Respond to of 74559
 
Thanks many times.

dAK



To: tradermike_1999 who wrote (13022)1/14/2002 1:07:57 PM
From: Jim Willie CB  Respond to of 74559
 
history will not be kind to Greenspasm
he is the biggest oaf to ever be revered as a god
he is a horrible forecaster
he bit the NewEconomy bait, hookline & sinker
he has one response to all problems: money supply infusion
he is the master of the rollycoaster
he is too easy in good times
he is too tight in bad times
he is always late to read the tea leaves
he sees inflation under every rock
he is comfortable with millions of job losses, provided the world is made safe from inflation

how about safe from deflation?
which is what we get from his lunatic policies

too bad Enron has no friends in NewJackCity
unlike LTCM, Enron is a dotbomb from Texas
LTCM was a dotbomb (without the internet) from NYC
let's hope Enron is the final punctuation mark on the DotBombs
/ Jim