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


To: Maurice Winn who wrote (36296)7/19/2003 5:05:49 PM
From: Ramsey Su  Read Replies (1) | Respond to of 74559
 
Maurice, READ THAT LINK 10 TIMES BEFORE YOU POST AGAIN

Back in June of 2002, these guys have already figured it all out.

federalreserve.gov

ooops, looks like we are heading down the same path with the exception of:

1. our equities bubble had burst and greenspan is trying his hardest to reinflate it.

2. our real estate bubble has yet to burst.

3. we are so much smarter than the Japanese, we have already used up all the monetary and fiscal trickeries.

4. Unlike the Japanese, we owe the rest of the world a ton of money.

5. unlike the Japanese, we do not have a big savings account. Damn, does it mean I can't buy that new SUV? but there is zero percent financing, that means it is free, right?

Greenspan is like that drug addict looking for the next high. Can't he accept that the party is over, time to go to rehab and get cleaned out. No more bubbles. I little belt tightening won't hurt us for too long. Let the bubble deflate now. Stop the printing press.