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To: BGR who wrote (151224)1/1/2003 11:16:24 PM
From: GST  Read Replies (2) | Respond to of 164684
 
Hey, the US can always absorb a little moral hazard <g>. Portfolio investment inflows into US stocks and bonds could dry up if things don't turn around soon -- there are a few things out there to worry about. I don't expect the stock market to perform very well unless people buy into the idea that killing Saddam will solve all our problems and clear the way for a new golden era.



To: BGR who wrote (151224)1/1/2003 11:17:18 PM
From: 10K a day  Read Replies (1) | Respond to of 164684
 
> massive downsizing of state Govt budgets - which are running huge deficits and cannot do so by law

so (the states) ...they can't declare BK...so we just pump them more...hence...oh nevermind. :) Lol


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