Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: AC Flyer who wrote (14659)	2/8/2002 7:43:57 PM
From: Ilaine	Read Replies (3) \| Respond to of 74559

>>The world is totally different now than in 1929. In 1929 there was no FASB, no GAAP, companies reported their results however they liked. There were no controls on margin loans.<< We can hope that Enron is an anomaly, but I am holding my breath, waiting for the rest of the shoes to fall upstairs - who knows how many are in that bed? Human greed cannot be outlawed, nor stupidity, nor imagination when it comes to way to finding clever ways around rules. As for the future, the Austrians may well be right, so we shouldn't be hubristic. The problem from my perspective is that Magner has been saying the same thing since I first ran into him - roughly 8/1/98. Take a look at where the price of gold is since 8/1/98: globalfindata.com BTW, I bought at roughly $265, and my husband made me sell it (I think at $295) for the down payment on the house, and I LOST money due to the premium.

To: AC Flyer who wrote (14659)	2/8/2002 8:07:17 PM
From: Mike M2	Read Replies (1) \| Respond to of 74559

AC, " companies reported earnings how they liked" sounds like pro forma. I would be happy to give you links and suggestions for reading but I have no interest in trying to convert people to the austrian school. mike