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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (341818)	8/23/2007 9:07:37 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

bears w/o balls. perfect

To: Real Man who wrote (341818)	8/23/2007 9:11:31 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 436258

If it weren't for the Fed's actions, the second Great Depression began this week. When there's no confidence there's no money - and who would lend money to a nation which needs to borrow several Billion each day, especially after several years of passing bad paper. Whether we can still muddle out of having too much debt relative to income is yet to be seen, but excessive leverage always introduces fragility and instability. I think a depression is the least painful alternative, but this sentiment is not widely shared. .