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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (47722)	2/18/1999 9:43:00 AM
From: Mike M2	Respond to of 132070

Tommasso, I don't read NYT sounds good. In the 20's Alexander Dana Noyes of NYT frequently wrote about the excesses . In John Kenneth Galbraith's " The Great Crash 1929" wrote " Under the guidance of the veteran Alexander Dana Noyes, its financial pages was all but immune to the blandishments of the New Era. A regular reader could not doubt that a day of reckoning was expected. Also, on several occassions it reported, much too prematurely, that the day of reckoning had arrived. Anyone who reads this thread knows that we have warned there will be tough love fer all. The longer it is delayed the tougher the tough love. The excesses in valuations, debt, credit, public participation, aggressive accounting, leverage -via derivatives are unprecedented. Many sheep will be shorn. Mike