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To: steveegg
This is a good thread. Please Mr. Egg do not take this personal, but this quote is everywhere,

"The economy outside of the market is rather strong."

I have a bridge for anyone that believes this. There are MAJOR firms in this US of A that are Wiped out. Lucent, Enron, WorldCom, AT&T is what 10 bucks? The war machine continues... The Trade Center impact is still not even felt yet.

The Economy cannot be reported in its true state. Please read the writing on the wall, its 50ft. tall in Pink! What more do people need?
Please, don't ignore what's happening.

Real Estate is next. No cash to continue the price increases and the dumping will start.

What industry will produce the growth for the economy in the next 20 years? Where will the Money go? Got an answer? I don't.

Its Muti-Trillions of dollars here friends....
387 posted on 07/22/2002 6:34:41 PM PDT by Afronaut
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To: Afronaut
I call all of those collapses (Lucent/Enron/WorldCom/AT&T) "Cooked Book Disease". Provided there isn't any more of that, the non-market economy IS strong.

Unfortunately, I feel that there's enough more CBD companies out there to drive the Dow down to 3000 before the November elections. As that happens, everything dries up, the usual safe haven of bonds becomes unsafe because of the nature of the collapse (cooked books), and the crash you talk about likely becomes reality.

The only good thing about real estate is that you can live on it, and if you have enough of it, you can grow what you need to eat on it. That's quite a bit more than you can say about stocks and bonds.

390 posted on 07/22/2002 6:55:02 PM PDT by steveegg
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To: Afronaut
Real Estate is next. No cash to continue the price increases and the dumping will start.

A kindred spirit. Seen these?

Big Scary Monsters

'Fannie and Freddie Were Lenders': U.S. Real Estate Bubble Nears Its End

Fannie Mae Enron

Where will the Money go? Got an answer? I don't.

Given that it is imaginary, it will go away. You might want to hold some of the real stuff, a mix of fiat with a touch of gold should be ok.

Profitable tech companies that are accustomed to making money in deflationary enviroments might also be a good idea. Applied Materials, for instance, once they stabilize.

Energy companies that are exempt from de-regulation fiascos. Suburban Propane, for example.

Foreign banks, ANZ has nice exposure to Asia with the safety of New Zealand.

I assume any intelligent person is massively short by this point.

I expect debt and real estate to be fairly lethal. Avoid them.

What else? Throwing rocks, fertile women, SS109 ??

395 posted on 07/22/2002 7:17:44 PM PDT by AdamSelene235
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