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Pastimes : THE SLIGHTLY MODERATED BOXING RING -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (17546)	7/15/2002 4:01:33 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 21057

Then there's the impending real estate slide...... So the average house in Silicon Valley will be under $500K? :-) There was a large hump in the money supply in the '90s. That has lots of effects. Some good, some bad. Good was a spurt in technological development. Part of the gain in the '90s was real and will stay with us. And part wasn't and is going to evaporate. The free and easy money encouraged lots of sloppiness and bad habits. Just start a .com and get rich! No long hard years of work required. That was in the Old Days, something your grand parents did. Now the bubble has broken and even the level of confidence that existed before the bubble is not attainable. The US$ is sliding- -partly because foreigners are losing confidence in American business and its honesty and openness and partly because its falling - a circular feedback effect. And the bottom on something like that can be a long way down.