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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (36207)	7/17/2003 2:52:19 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

Ray, as Ramsey is pointing out, I was donkey deep in the Biotelecosmictechdot.com margin fuelled mania and lost more than I ever thought I'd have. But I know where the fault was. It was right there in my head. Nobody made me borrow. Nobody made me ignore the fault in the Globalstar people which I had identified. Nobody made me pay the price I agree to. It was me Ray. Uncle Al would have had to raise interest rates to 15% to slow my fevered hopes and that would have been too high for the house mortgage people. So, he had to leave me to my madness and wait for my fevered hopes to be dashed and my money redeployed to people who knew better how to manage it. I'm grateful that he kept the currency stable while me and the mindless mob stampeded like a giant buffalo charge, through the happy village of squaws, children and dudes going about their daily business, blithely unaware [for the most part] of the dangerous herd. Uncle Al deftly managed the situation so least harm was done. I don't think that's the best analogy, but it'll do. I had the blinders on then Ray. < You are putting on blinders. Recall that Uncle Al helped to create the NASD bubble by willfully cooperating with those who were fear mongering in 1998-9 regarding the millenium bug. > I can see clearly now the rain has gone. I can see all obstacles in my way. Gone are the dark clouds that had me blind. It's gonna be a bright, bright, bright sunshiny day. The millennium bug was the bug in our brains. Mqurice

To: Raymond Duray who wrote (36207)	7/17/2003 3:24:59 PM
From: Joe S Pack	Read Replies (1) \| Respond to of 74559

Ray, Talking of Greenspan, the criminal, go and have look at what he did in terms of Social Security Tax when that mind numbed Reagan was the president. He single handedly helped increase the SS tax rate and hence the start of the mess. That is why he was awarded this job of Fed Chair. First this crook helped increase the SS tax rate by another 1.8% on 1983: ssa.gov See the section on increasing payroll tax. ssa.gov Then he gave double wammy to poor tax payers by manipulating CPI numbers: english.hsilai.org But the blame is not 100% on him. We elect mindless crooks to Congress and they work for the corporate masters. So why complain about one crook? -Nat