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To: mishedlo who wrote (201455)	10/31/2002 8:17:06 PM
From: orkrious	Read Replies (1) \| Respond to of 436258

Do you ever worry that we believe articles like this cause it is exactly what we want to hear/believe? No. <g> That was one of his better recent pieces. The guy's a genius.

To: mishedlo who wrote (201455)	10/31/2002 8:33:29 PM
From: Bull RidaH	Respond to of 436258

"The question that should be asked by the intelligent investor is what will the 12th rate cut do that the previous 11 failed to achieve." Ho ho ho. There's no way this thing turns around.... No way I tell you!! :) I'm sure of it!!

To: mishedlo who wrote (201455)	11/1/2002 1:00:59 AM
From: patron_anejo_por_favor	Respond to of 436258

<<Do you ever worry that we believe articles like this cause it is exactly what we want to hear/believe?>> No, I worry more that articles like this will turn out to be the TRVTH!<NG> The truth is that our country’s finances are a mess as a result of the 90’s credit and consumption boom. The US is borrowing $500 billion a year from overseas to finance its trade and current account deficit. It is now running annual budget deficits that are heading back up to $400 billion and may be more if we go to war. Borrowing close to $1 trillion a year is not healthy. At some point, foreigners may refuse to lend us more money to finance our trade deficit. The government may also find it difficult to finance its budget deficits without paying higher rates of interest. During this quarter the US government will have to tap the bond markets for $76 billion in capital to finance its spending plans. This is a prescription for financial calamity.

To: mishedlo who wrote (201455)	11/1/2002 8:44:09 AM
From: Tommaso	Respond to of 436258

>>>Do you ever worry that we believe articles like this cause it is exactly what we want to hear/believe? <<< I worry about that all the time. But when I examine my own actions, they usually seem to precede (often, much too early) such views. In the world outside of SI, where I actually live, I still find myself being viewed as an eccentric for having been suspicious of the bubble. A few people have said, "you were right," but my impression is that most people still think that somehow the stock markets will right themselves and resume a 20% per year growth. The groupthink is still pervasively positive.