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

To: Maurice Winn who wrote (23133)9/2/2002 6:25:02 PM
From: LLCF  Read Replies (1) | Respond to of 74559
 
<Mindless Zombies however, claim that the person pricing the thing they want to buy is at fault. >

So those claiming the price of what they are lending is too low are not mindless zombies... that is what I'm saying.

And Greenspan, who misprices the cost of money, is a mindless zombie... yes.

DAK



To: Maurice Winn who wrote (23133)9/2/2002 8:12:41 PM
From: elmatador  Read Replies (1) | Respond to of 74559
 
You have a point here: <interest rates were plenty high enough> and did nothing to prevent the bubble.

As today Interest Rates are at a 40-year and can't prevent the depression! It only allows the mass of J6P to gorge in debt, which make the consumer market supporting the US economy.


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