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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Ron Bower who wrote (5127)10/9/1998 10:32:00 PM
From: Paul Senior  Read Replies (1) | Respond to of 78567
 
Hi Ron. Well my opinion is that the Fed will loosen rates and allow easier credit. So the banks will continue to loan money. It is a great time to be a borrower or to refinance. I just don't see the excesses that were so apparent in the 70's and 80's. On the other hand, with freaky hedge funds, Soros wannabees and clever wheeler-dealers all over the place, maybe these clowns have learned better to bury and hide these excesses -- and these problems are just waiting within a minefield to hit and hurt us.

The problem with dominos is there's no end to the chain. If we go into a terrible recession and companies are failing left and right, why not just carry it out further and say there's going to be panicky people, scared people, hungry people, rioting people, anarchy, total destruction of our way of life, etc. etc.