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


To: LLCF who wrote (13907)1/25/2002 7:40:16 AM
From: Ilaine  Read Replies (3) | Respond to of 74559
 
>>Which current bust around the globe wasn't preceeded by a boom???? <<

Argentina.

>>then turns into a virtuous circle no?<<

Not if you can't sell your goods for more than it cost you to make them.

Not if you can't pay your debts, and you can't sell your property for what it cost to buy it, and the bank forecloses and it can't sell the property for enough to pay off the loan.

No.