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

To: Snowshoe who wrote (21831)	7/29/2002 6:00:41 AM
From: TobagoJack	Respond to of 74559

Hi Snowshoe, If <<JPM and Citigroup>> are not left to <<twist in the wind>> they will just do whatever they did again, but sooner, until one fine day they have to be left to <<twist in the wind>> anyway. I agree with your earlier post that THEY will try to and may succeed in saving <<JPM and Citigroup>>, just as Japan must try to save the Japanese banking system by propping the construct up, however ill. But, if THEY do try, I have no reason to believe that the outcome in the US will be any different than in Japan, or Thailand or Argentina, namely a very long recovery period. I observe that a long recovery period is preferable to sudden death. Chugs, Jay