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To: Elwood P. Dowd who wrote (31844)8/28/1998 9:44:00 PM
From: FR1  Read Replies (1) | Respond to of 97611
 
Yeah, the people on WSW are right. I'm not selling a share and only wish I could buy more. I may buy some anyway.

God! The hysteria that's pumped out by the media is unbelievable. You would think we are going to war or something.

IMHO, the good/bad news is that citizens in all the 3rd world countries (+Japan) are forcing their financial institutions and corporations to expose their financial transactions. It's tremendously messy because they have had 50 years to build up enormous crony bad debts and most of them are to the politicians in power. Nobody likes doing it but it is happening and in the end things will be much more solid. In fact, it ought to give rise to a very strong and real expansion - not the fake thing we have had where you don't know who banks are lending to, if any of the paper is any good, corporation secrecy, etc.