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

To: Terry Maloney who wrote (344186)	9/23/2007 7:41:24 PM
From: stan_hughes	Read Replies (2) \| Respond to of 436258

There's a TV program on the BBC right now as I type about the credit crunch -- just watch that -- I have BBC on 37 on Rogers Cable but you may have it somewhere else (or on a satellite channel)

To: Terry Maloney who wrote (344186)	9/23/2007 9:49:39 PM
From: S. maltophilia	Read Replies (2) \| Respond to of 436258

1929: Market goes up a bunch, and then corrects violently. 1930: Market tries to rally but fades badly later in the year. Some bonds default. 1931: Credit continues scarce. Markets suck. More bonds default, including many municipal and sovereign issues. 1932: Stocks bottom out and rally nicely. Economy sucks. Even more debt defaults, but at a lesser rate. 1933: Dead duck Hoover still in White House first 2+ months and nothing much happens. Roosevelt finally rearranges things. Gold does well. Oh, and there's some tables and stuff. OK? <g>