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

To: Stock Farmer who wrote (13145)	1/10/2002 11:46:37 AM
From: Baldur Fjvlnisson	Respond to of 74559

Jan 10 Short sellers and panto villains Financial Times Jan 10 U.S. Launches a Criminal Probe of Enron LA Times Jan 10 Do investors know something Cisco doesn't? Globe & Mail Jan 10 Bullion bull IAMGOLD turns cash into gold Financial Post Jan 10 Late call to decide AngloGold bids Reuters Jan 10 Gold index at 27-month high Sunday Times Jan 10 Standards Board to Set Intangible-Assets Rules Bloomberg Jan 10 Youth Sought Investors While Dodging SEC LA Times Jan 10 Argentina Halts Currency Trading for Fourth Day Bloomberg Jan 10 Argentina Told of Conditions for Aid Washington Post Jan 10 Japan says yen's fall 'too rapid' BBC Jan 09 Goodwill Writedowns May Top $1 Trillion This Year Bloomberg Jan 09 Record Increase in Consumer Borrowing AP FED Jan 09 Paying debts a priority for consumers SF Gate Jan 09 Fed outlook may signal more cuts WSJ Jan 09 About That Bonus Business Week Jan 09 Merrill to Cut 9,000 Jobs, Take Charge Reuters Jan 09 GM to eliminate 5,000 corporate jobs Boston Globe Jan 09 Gateway's ratings cut to junk status Reuters Jan 09 Silver snakes up as lease rates hold firm Reuters Jan 09 Japan seen on the road to default Japan Times Jan 09 Japan Real Estate Co Fails; Leaves Y140 Billion In Debt Dow Jones Jan 09 Argentina postpones currency trading BBC Jan 09 Time to Cry for Argentina? Smart Money Jan 08 ...But don't let the stock market fool you again NY Post Jan 08 Irrational exuberance again? Boston Globe Jan 08 A Bear Among Bulls TheStreet Jan 08 Is a 'double-dip' recession coming? MSNBC Jan 08 Worst year for credit quality since 1991 Chicago Tribune (Moodys) fallstreet.com

To: Stock Farmer who wrote (13145)	1/10/2002 12:36:35 PM
From: bambs	Respond to of 74559

I think don't think we as a people will want to go through the pain needed to return to a real capitalist system. Way too many businesses would fail and jobs would be lost. Poverty, violence and general crimes would skyrocket. I think that we will continue down the road of bailing everything out. I think we will crash hard first though. I think many businesses will fail. Then the bailouts will come for the likes of FNM and JPM. I expect the government to end up taking over home mortgages and controlling fixed rates for americans. I think that is the only way to prevent a japan like situation from coming to america. 70% decline in housing prices over there....ugly. large percentages of the population own homes worth less then the mortgage. As the population retires they can no longer meet mortgage payments and they default. This will take down many banks, here just as in Japan. FNM is a sure bet, imho. I do expect a very hard collapse of the economy before the bail outs begin. It will be a great money making opportunity for those willing to open there eyes and make smart trades. After the bail outs begin we will likely see a major gold boom play out. Money will pour into real goods. The nature of our economic system will be changed forever. We will still have a phony democracy like we have now..where the rich pick candidates and influence the elections from every angle...but, we will end up with a very strongly socialist frame work with heavy of central planning and a massive social safety net. bambs p.s. my gold and silver stocks are looking sweet today... :)