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

To: Snowshoe who wrote (21701)	7/26/2002 4:14:20 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi Snowshoe, It is an awful enough of a day in HK, where it is 4:10pm, and almost pitch dark due to rain and cloud cover, without you posting depressing <<People will sell gold to pay off debts and buy food and stuff>>. Will it get as bad as all that, selling gold to buy food?! Will not the banks continue on with the home equity ATM program;0) Perhaps the FED can institute a reverse mortgage scheme, where it pays the occupants of Silicon Valley housing to continue living in the housing, who then continue to pay down their mortgages to the banks and securitized market. This method would be even more efficient than Fannie and Freddie shovelling money around. Chugs, Jay

To: Snowshoe who wrote (21701)	7/26/2002 5:39:01 AM
From: smolejv@gmx.net	Respond to of 74559

>>People will sell gold to pay off debts and buy food and stuff.<< If it took the world 10 years to get that far, and - assuming this moment, called today, is nothing special in history, in other words it is within plus minus sigma of the mean time it takes this kind of stories to start and to end - then we got another 5 to 10 years to get to the end of this - whatever end this will be. And I guess we'll need another edition of FDR to tell us what to be afraid of. So >>inexplicably<< by Jay still stands. I just assume it is some giant King Kong bozo conspiracy that's shaking the kiddies (long or short) out of the golden tree. And/Or/aka JPM&Co have golden heartburn because of interest rate excesses. dj