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To: Frederick Smart who wrote (23670)8/30/1998 6:37:00 PM
From: Loring  Read Replies (1) | Respond to of 42771
 
Gee, Paul, I didn't think the patriarchy would fall with such a loud crash. Who knew?



To: Frederick Smart who wrote (23670)8/31/1998 12:26:00 PM
From: dwight vickers  Respond to of 42771
 
I love the way that "New Era" stuff sounds, but what you're really seeing is the result of an over extended up cycle, badly in need of correction.

Too much debt (guess which country is virtually the most heavily in debt in the world?) which needs to be unwound. And unwound it will be.

Just like it has always been.

Too many uneconomic endeavors that have lurched into reality as the liquidity has flowed, now will be killed.

The ultimate negative effects will be felt by everyone, even (especially?) the "good guys".

Dwight