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To: Knighty Tin who wrote (236183)	4/17/2003 12:53:51 PM
From: Giordano Bruno	Read Replies (2) \| Respond to of 436258

Time for a MOAB job -g- alertnet.org

To: Knighty Tin who wrote (236183)	4/17/2003 1:06:48 PM
From: Tommaso	Read Replies (1) \| Respond to of 436258

>>> am not certain if T-Bonds or real estate are the next crashing tulips, though it could be both. <<< Rising interest rates could bring everything down. A family servicing a $250,000 mortgage at 5% could have that adjutsed to 8% and decide they can stand to live in a $150,000 house after all or even move to an apartment, when the interest payments go from $1000 a month to $1600 a month and the income stays level at $3000 a month after taxes and insurance (real estate as well as income). And that would be a typical middle-class situation in an inexpensive city. Meanwhile, having shifted retirement savings (if any) to bonds, those start to tank. Greenspan is second only to John Law in what he has done to a country. But I just heard this morning from my lady friend whose family lost $5,000,000 by putting everything in the company stock. She sounds perfectly cheerful.