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To: Broken_Clock who wrote (29381)3/4/1999 6:53:00 PM
From: Mark Bartlett  Read Replies (1) | Respond to of 116897
 
Papaya King,

<<The USA has the ability(cash) to fulfill its consumption lust and is doing so as the end approaches.>>

I have a feeling you are right .... there is a combination of factors in place now that are setting the stage ..... a very strong US dollar, low commodity prices, a willingness to assume debt by just about anything with legs, the wealth effect of millions of fiat portfolios ... a media circus that is more than willing to participate and encourage the stupidity, a government that appears more than willing to paint the tape at critical junctures ...... when it busts it's going to be ugly.

My fear is that at a time when we most need a stable and strong world economy, we will have just the opposite .... that could lead to terrible international instability.

MB