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Strategies & Market Trends : Australian Shares and ADRs -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (67)	7/28/1998 11:50:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 96

Hi David; brillig.com and brillig.com Look at the chart at the bottom, the rate of increase staggers my mind. Where is the money going to keep coming from to pay the interest if we have any kind of slow down in GDP growth, or taxes collected or people get scared of this , bonds will sell off like crazy and this house of cards will collapse. I read reports our central banks are using derivatives as their primary collateral. And I have concluded that the dollar is now based more on the derivatives than the derivatives are the dollar. This looks mighty shaky to me, and I do hope I'm all wet about it. Perot was using the debt as a political foot ball, He made his money off the Government by servicing Medi Care, but I doubt he had any kind of handle on the overall situation. We were left to pick between The Hawk, ( build more prisons ) the pretend to be Democrat, ( build basketball courts ) and the Man from outer space (Perot) ( Just tighten your belts) The unemployment lines killed Bush, and not many were nuts enough to buy into Perot's just tighten your belt ideas. <G> Our politics is like a fantastic circus side show, Wall Street runs the Country. Jim