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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (29457)	2/14/2008 3:39:11 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 218705

I've told you repeatedly, your alleged patient won't respond to lower interest rates, because lower rates are designed to help the banks - not the general economy. But now Elliot Spitzer has stepped on the bank's air hose. When the Muni Bond insurance units are split off from the Collateralized Debt/Mortgage Obligation units, the paper these banks hold and have sold to so many around the world will have to be recognized as the trash they are. Lower rates will be like trying to put out a high-rise fire with a garden hose. Investors like Warren Buffett are going to be able to pick up major ownership of the banks at fire-sale prices with the risk transferred to others. Message 24311946 This is what Schumpeter described as creative destruction, and what Jay calls fraud. There are great areas of overlap. The US economy is going to get a long overdue recession, taking most of the world along for the ride - it will be slightly postponed, but severe. This is normal and beneficial. .