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To: Jon Koplik who wrote (14263)8/28/1998 9:18:00 PM
From: Sawtooth  Read Replies (1) | Respond to of 152472
 
<<One guy said how true free world trade and markets come accompanied with risks that an economic meltdown elsewhere does (sometimes) matter all around the world. (And gave some neat examples from the 1800's).>>

Missed it, Jon; but the historical aspects would have been especially interesting. Heard another good commentary tonight where one fellow said, "We tried so hard for so long to develop a global marketplace. Looks like we succeeded."




To: Jon Koplik who wrote (14263)8/28/1998 9:40:00 PM
From: marginmike  Read Replies (1) | Respond to of 152472
 
I must have missed it. Instead I saw "can the bank crash in Russia cause a bank crash here" on CNBC. What a joke. They were actually asking analyst if this was a prelude to US Bank trouble. They are the little boy screaming "fire,fire" in the movies. I wish an analyst had said " ya, Maria, those 500 million in loans is the doom of Chase. They only have about 50 billion in reserve, and this will push them over the edge". Didnt Bill gates's house cost like 500 million. Maybee next week theyl have "when justice dept cracks down, what will be of Bill Gates mortgage. Is it the doom for Bank America?

Analysts, Journalists, stock brokers are all full of s--t.