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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: sammaster who wrote (2292)	11/3/1998 6:37:00 PM
From: Cynic 2005	Respond to of 3339

<<so if they do service debt all that does is give US banks interest payments temporarily, right?>> Yes, it is a temporary solution. It will work if the economies don't go in to a tail spin. The dopes in Washington always point to Mexico peso crisis of 1994 to prove that their method works. I guess the world as a whole was not in the tanks at that time. That is the difference. <<sounds to me like in order to save bank defaults they are going to push latin america and probably US into a deep recession... >> I personally think that this is a no win situation. The best thing for the Feds to do perhaps is to sit on their hands, let the system work out its excesses (recession? so be it!) The more they try to force mother nature, the more damage they will do. That is almost a given.