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To: Raymond Duray who wrote (15372)	2/21/2002 11:03:55 PM
From: Mike M2	Read Replies (1) \| Respond to of 74559

Ray, must read Message 15354969 mike

To: Raymond Duray who wrote (15372)	2/22/2002 9:27:20 AM
From: Frank Pembleton	Read Replies (3) \| Respond to of 74559

Hey Ray... just one comment, what if two countries decide to build a highway that creates a new trade route? Yes, the ugly word finance comes into play - but aren't we all better off? ...leverage? Running a deficit for welfare is stupid, but financing capex isn't all bad... Regards Frank P.

To: Raymond Duray who wrote (15372)	2/22/2002 9:48:38 AM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

Ray: Well, as far as being reprehensible goes, I'd say you need to work that electronic thesaurus a little harder. Here's an example of a point of view that is truly reprehensible: "19 individuals, spending less than $500 K and sending their budget surplus back to their parent organization caused a hit to the American net worth of somewhere between $100 Billion and $1 Trillion, depending on how you want to do the math. I'm astonished that you have the cojones (and certainly not the brains) to suggest that these people are morons. That exceeds the rate of return of every U.S. corporation I've ever examined, ever. Except for some wonderful things that occurred in the bubble market of 2000. As far as "the innocents" is concerned, are you pulling my leg about the denizens of the WTC being innocents? Good grief, I trade against them, innocent isn't exactly the adjective I'd use." Message 16693014 Ray, you should consider relocating to Montana.