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To: The Duke of URLĀ© who wrote (174879)6/23/2003 2:08:16 PM
From: chomolungma  Respond to of 186894
 
Then where do you think all this home mortgage money is coming from.

Same fools who buy 30 yr. bonds at rates barely above 4% who are scared by all the doomsayers saying we're headed toward deflation.

I think your comments, meant to assure, do not reflect anything close to the problem.

No, my comments are meant to question those who throw numbers out that have no idea what they mean. Just because the numbers look large does not lead to the conclusion there is a problem. Dig deeper if you want, but don't throw out the word derivative and Long-Term Capital and expect me to shiver in my boots.



To: The Duke of URLĀ© who wrote (174879)6/23/2003 2:24:40 PM
From: Jim McMannis  Read Replies (3) | Respond to of 186894
 
RE:"No amount of fancy buzzwords that the banks are using will cover this up for very much longer, and when Peter finally talks to Paul on this one, the consequences will be somewhat higher than your 2500 dollar loss limit."

Dang Duke, you've finally "got it".

Zee stars have been so lined up for Real Estate "tax wise" and interest rate wise it's unreal. But 'zay can't pull the plug for fear everything collapses... No one says much about all the tax breaks driving RE...besides, AG says it's "not a bubble".

OTOH, is that $2500 loss limit really $3000 or are we talking about something else?