Forum Archive Index - June 2002

["Steven Tong" <soarer2@xtra.co.nz>]

Glad to hear you have so much faith in the current US administration. Isn't
Geroge W such a good leader  My money is certainly on him.





----- Original Message -----
From: "Marilyn Munroe" <who.c@res.co.nz>
To: "Sharechat" <sharechat@sharechat.co.nz>
Sent: Friday, June 07, 2002 11:22 PM
Subject: [sharechat] Dont underestimate the dynamism of the U S economy
Steven


> Steven Tong wrote;
>
> "There will BE NO RECOVERY IN US EQUITIES THIS YEAR"
>
> I recall another stumble of the U S economy. I refer to the savings & loan
> fiasco.
>
> A rash of unwise lending by small community banks called savings & loan
banks
> had threatened a bust the amounting to what looked like several telephone
> numbers strung together.
>
> The U S congress took over these banks and ruthlessly liquidated them.
Thanks
> to an economic recovery they were able to sell off these assets. I cannot
> recall exactly, but the net result was a small gain or loss for the U S
> taxpayer.
>
> My point is that the U S was able to take decisive corrective action to
> ensure stability and recover.
>
> If there is a melt down on Wall Street I guess we will see the same thing.
>
> The DOW @ 20,000 in 2006?
>
> Boop-doop-de-do Marilyn
>
> Short on diamonds, long on optimism
>
>
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