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To: LLCF who wrote (144573)1/18/2002 7:43:17 AM
From: Tom Smith  Respond to of 436258
 
blood in the streets is more than 'disenchantment'.

iht.com

"Perhaps Argentina's crisis will harm only Argentina. But because globalization promised so much more than it has delivered, the crisis may foretell a wider political and psychological fatigue. "I travel a lot to these 'emerging market' countries," says the economist Arturo Porzecanski of ABN Amro. "There's a lot of disenchantment. ... Everywhere people are disenchanted.""

Remember today's mantra:

Permanently high plateau....
Self-reinforcing Virtuous cycles......
V shaped recovery....next quarter....
Argentine contagion is unlikely to spread to other emerging markets.

Repeat for mind-numbing effect.