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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: jjs_ynot who wrote (33095)11/5/1998 2:24:00 PM
From: Paul Berliner  Read Replies (1) | Respond to of 94695
 
www-space.arc.nasa.gov



To: jjs_ynot who wrote (33095)11/5/1998 4:41:00 PM
From: yard_man  Read Replies (1) | Respond to of 94695
 
>>The system is thus both productive of increased standards of living and more sensitive to capital misuse.<<

Hogwash! The systems aren't any more sensitive than the participants.



To: jjs_ynot who wrote (33095)11/5/1998 4:49:00 PM
From: yard_man  Read Replies (1) | Respond to of 94695
 
>>Developed countries' banks are, to be sure, highly leveraged, but subject to sufficiently
effective supervision that local banking problems do not generally escalate into international
financial crises. Most banks in emerging market economies are also highly leveraged, but their
supervision often has not proved adequate to forestall failures and general financial crisis. <<

We know what were doing, but they don't. Yeah, right! Where did all the capital come from that has flown?

People who are reassured by this man are going to be left holding the bag!