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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: kumar who wrote (62805)	8/22/2004 11:02:41 PM
From: t4texas	Read Replies (1) \| Respond to of 793820

only those who do not understand the huge misallocation of capital in the last three years or more in the 1990s that created so many duplicate companies and duplicate jobs; only those who do not understand greenspan's merry bailouts for the asian collapse and mexico's blowup, and the free money created thereby; only those who do not understand the message of the 2 yr through 30 year bond markets in late 1999 and 2000 could think anything other than the big economic downturn was upon us in late 1999/early 2000. now that might be a lot of people, but they are incorrect. the current admin's job is to get the message out (if they can), and that may or may not happen. i am not trying to blow my horn, because i have been involved in stocks and bonds for a long time. the technical warning signs of huge econ problems ahead were everywhere from 1998 into summer of 2000.