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

To: AC Flyer who wrote (17359)	3/26/2002 12:18:50 PM
From: Mike M2	Read Replies (2) \| Respond to of 74559

AC, propping up unsound industries did wonders for the Soviet union -g- The problem with supporting the bubble is the wealth redistribution that results. Bill Gates will continue to sell while gov't money buys. Look at the malinvestment so far the AL.CON internet bubble, telecom bubble, tech bubble, Enron , Global Crossing. to make the obvious point - the general public got screwed while the insiders & some savvy market players got rich . The longer the bubble continues the more rotten the system becomes. Wall St is all for free trade and free markets as long as it doesn't apply to them. We will find out why it is a bad idea because I am suspect the gov't will implement this policy. Mike