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To: John Vosilla who wrote (1274)	8/17/2007 4:12:04 PM
From: SouthFloridaGuy	Respond to of 1718

I'm not sure if this is like 1998. It's better from the point of valuations, but worse from the point of rot in the banking sector. If it's not like 1998, when does this blowing of bubbles end? If the bursting of the global property bubble does not catalyze the K-winter debt liquidation, nothing will. The change in the Fed discount rate is like putting low octane gas in your Italian sports car.