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

To: arun gera who wrote (45524)	1/20/2009 7:08:09 PM
From: Maurice Winn	1 Recommendation Respond to of 217764

Yes, Arun, there's big trouble for people who were earning heaps doing useless things [supplying unaffordable luxuries to people operating on borrow and hope]. They'll have to get jobs at half the minimum pay rate helping people who are doing useful things. Banks who made fortunes lending to people who had no business borrowing will have to get new jobs. Those selling Gucci for people swooping around in dirty great SUVs will have to get new jobs at cents on the dollar = working to buy bread, not $1000 bottles of wine. My car needs work done. I will hire mechanics to change my oil instead of doing it myself. If profitable companies need money, I have capital available. So do swarms of other people. They might not like the cost of that capital, but there is heaps available. So far, I have been outbid by others. I want to buy a bunch of houses too, but sellers are still getting huge prices. I want to borrow $10 billion, but Big Ben's interest rates are still too high for me. Mqurice