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To: Giraffe who wrote (21163)10/8/1998 3:39:00 PM
From: Bucky Katt  Respond to of 116758
 
I would guess that most people are upside down on their homes, all due to unwise lending, ala 125% mortgages, related to ultra loose bank lending to imbeciles like Long Term Capital...but hey, everyone is driving nice cars, right??? Just like the savings and loan debacle, we will soon be bailing out banks...to save them(?) but wait, first we have to bail out whole nations...no, wait, first the whole free (?) world...or maybe the IMF... come on, we can do it!!!!!!!!!!!!

By the way, mortgage is derived from Latin, literally meaning dead debt....mentioned that a long time ago, too...

This is the time to be liquid

Re meteor shower--It may take out over 1/2 of the sats up..by a sandblast.. no defense for that...we are also entering a sun-spot cycle... it will be a long, cold winter...buy some natural gas interests



To: Giraffe who wrote (21163)10/8/1998 11:10:00 PM
From: banco$  Respond to of 116758
 
o/t follow-up, Raytheon increases layoffs to 14,000. Separately, the Christian Science Monitor ran this feature on recession.

csmonitor.com