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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (9858)7/27/2004 2:34:37 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 116555
 
The difference between the economic mentality in the US and EU is like the Grasshopper and the Ant - at a time the US are masters of marketing, promotion and piling of irrational debt.

The LBO mania years ago was only one example of institutionalized debt - at the end of the day only WS thieves and swindlers benefited -- there is no change today with the home equity loans and housing buble