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To: Box-By-The-Riviera™ who wrote (165572)	5/13/2002 8:43:17 PM
From: orkrious	Read Replies (3) \| Respond to of 436258

Bill Gross has a good new write-up for May/June pimco.com excerpt: While reregulation may eventually restore order to the asylum over the next several years, the net result of the growing suspicions will be an increasing cost of capital for U.S. corporations: lower stock prices than at previous peaks; wider bond spreads than at the ridiculously narrow margins of several years past; more long-term debt that is two or three times more expensive than three month commercial paper, to say nothing of the magnified cost of venture capital and business start-ups. When the cost of finance goes up for a finance-based economy such as the U.S., then so do prices to the eventual consumer.