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To: IngotWeTrust who wrote (3375)9/19/2002 4:55:03 PM
From: loantech  Respond to of 4051
 
gt u r right 2. people can't manage credit. off to the beach back sunday.



To: IngotWeTrust who wrote (3375)9/19/2002 5:02:03 PM
From: Ahda  Respond to of 4051
 
Darlene, you of all people usually see beyond the "price sticker" when you are analyzing situations. I'm surprised you don't "get it" when we are talking about the REAL ESTATE BUBBLE! IT ISN'T STRICTLY ABOUT PRICE OF NEW or USED homes...it's about the HOME OWNER'S DEBT and inability to service the mortgage debt.

It is tad worse than that Rose I am beginning to believe that we are in the early stages of a world slow down.



To: IngotWeTrust who wrote (3375)9/20/2002 7:26:30 AM
From: long-gone  Respond to of 4051
 
<<and the ASSET CLASS bubble WILL burst.

Darlene, you of all people usually see beyond the "price sticker" when you are analyzing situations. I'm surprised you don't "get it" when we are talking about the REAL ESTATE BUBBLE! IT ISN'T STRICTLY ABOUT PRICE OF NEW or USED homes...it's about the HOME OWNER'S DEBT and inability to service the mortgage debt.>>

I think you're right, seems a far differing debt to equity ratio in some parts of the nation Vs, others. I know & meet people often who may have refied. their homes BUT it is only to get the current lower interest rate, NOT to pay off broad consumer debt or(in prior times) play the market. There are others, though, often younger & in these hottest real estate markets who are at the exact opposite end.

Me thinks there be some which claim to never trade on fear but gladly speculate upon human suffering during market expansion & resulting contraction Via repeated sale & foreclosure.

When the those few bubbles do pop and our nation suffers under the unwinding of the excessive leverage, in those reww but massive markets, we will all be impacted - if only because the "news" reporting will be so loud & so often.. Most of us can only view a limited amount of human suffering before we become depressed ourselves and alter our lifestyle.



To: IngotWeTrust who wrote (3375)10/18/2002 9:42:16 AM
From: long-gone  Read Replies (1) | Respond to of 4051
 
Bema Gold and EAGC Ventures plan merger

Oct 17, 2002 (AFRICAN MINING MONITOR via COMTEX) -- Canadian mining companies Bema Gold Corp and EAGC Ventures Corp have announced plans to merge in a move that would see Bema acquire a large gold reserve in South Africa.
Under the deal the shareholders of EAGC would receive one share of Bema in exchange for each share of EAGC.

The transaction is subject to regulatory and shareholder approval, as well as EAGC completing its acquisition of Golden Reefs Mines, formerly Petrex Pty Ltd, in South Africa.

According to Bema, the deal would enable the company to double its output.

(Bema Gold Corp statement, 07 Oct 2002; Globe and Mail (Toronto), 08 Oct 2002; National Post, 08 Oct 2002; Reuters, 07 Oct 2002.) African Mining Monitor includes paraphrased and abstracted material with the source, which is deemed to be reliable and duly identified.

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