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To: americandude who wrote (121283)	7/3/2002 4:20:53 PM
From: techlvr	Respond to of 152472

Nice commentary and insights, bringing a bit of rationality to the discussion of whither we go. Best of holidays to you too.

To: americandude who wrote (121283)	7/3/2002 5:52:09 PM
From: Dexter Lives On	Respond to of 152472

Even in historical perspective, nothing is obvious. It is my POV that the credit bubble (which has not burst yet) is destined to decimate the US economy and most likely the global economy in the process. While I also appreciate American ingenuity and perseverance, we've been left a horrible mess by the crooks on Wall St. and it will take at least a decade to clean it up. Anyone just trying to play the long side of the market over the next 10 years are virtually assured of losing capital, probably a fair amount of it... (OK a few sectors may go positive but TELECOM WON'T) As a banker, I'd think the current debt situation (corporate and consumer) would be sending up all kinds of danger signals. Then again, it's bankers who've played the largest part in putting so much debt out there! -g/-ng Assets and incomes are declining, debts and debt service costs are not. It's a simple formula; the outcome is very predictable. jmho. Rob