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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (385)	12/30/1998 9:36:00 PM
From: accountclosed	Read Replies (2) \| Respond to of 3543

5th tier pos's soon to be drill bits sounds about as low as you can get <g>. Would this be zzzbest territory? <g>

To: Sir Auric Goldfinger who wrote (385)	12/31/1998 6:28:00 AM
From: Hiram Walker	Read Replies (3) \| Respond to of 3543

Auric, right on man, the little ones with crumble. The problem is that the internet group has not shown any cracks up until now. I would be careful shorting anything in the group,until there is at least one to two major crashes. You could still get caught in a major liquidity driven rally,or is that illiquidity. Here is the trigger point of failure first,before it comes here. msnbc.com There could be huge problems,they tried this before and it failed. There are lots of reasons for the failure. Euro failure? Don't even think it By Tom Costello CNBC BRUSSELS, Dec 29 — European Monetary Union is finally here. After years of planning, the exchange rates are fixed, the central bank is up and running and the euro is a reality. But will it work? Europe has tried this once before, but it failed — and that has some analysts asking, “Could it happen again?” AT THE BRITISH MUSEUM in London, there are plenty of secrets safely tucked away that could spoil the euro party — relics of Europe's last attempt at monetary union. A single European currency was minted some 130 years ago when Europe established new standards of purity for gold and silver coins. Eventually, war brought down the “Latin Monetary Union,” and it has taken the better part of the 20th century for Europe to rebuild the dream of a common currency. But as financial institutions and governments ready for the official debut of the Euro next week, what you don't hear much talk about is what happens if European economic and monetary union falls apart this time. Publicly, politicians decline to even discuss the possibility of failure. But as preparations by bankers and economists have become more intense, some warnings have started to appear. Critics of the euro complain there is no exit strategy for member countries should events not pan out they way they are envisaged. Some economists say that it is not impossible that an individual European country could be forced to pull out of the euro if it came under severe economic and financial strain. Should this happen, the potential fallout will be great unless the commercial sector of that member country can “switch back” to its individual currency with ease. But to have that safety net, European countries will need to retain systems that can handle pre-euro currencies long after the transition period is over. Hiram