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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: paret who wrote (10315)	1/22/2003 10:00:18 AM
From: Bucky Katt	Read Replies (2) \| Respond to of 48461

That is funny as hell. Glad I don't watch that cnbc drivel. Did anyone read Barron's over the weekend? The cover was a riot, DEBT BOMB! America's borrowing binge has saddled the government, corporations and households with $31 trillion of debt. When the bills come due, some fear a bust -- and the next depression. How real was the productivity boom? Personal bankruptcies, corporate defaults. BUBBLES HAVE LONG BEEN part of the financial firmament. The tulipmania in 17th-century Holland and the notorious South Sea Company stock bubble a century later in England are lowlights of economic lore. History is replete with numerous other examples of financial manias followed almost ineluctably by huge price busts, down to our own era. Japan is still paying the price of deflation and economic narcolepsy a decade after bubbles in its stock and real-estate markets popped. Debt collapses in Asia and South America punctuated much of the 'Nineties. The bursting of the U.S. tech-stock bubble in early 2000 led to the vanishing of more than $5 trillion in wealth, at least on paper. Now, many worry that a U.S. housing bubble, lofted by four-decade lows in mortgage rates, could explode, eviscerating consumer spending and economic growth. If you haven't read it, you should! online.wsj.com