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Asian-Pacific Stocks Slide, Tokyo Lower at Midday as U.S. Plunge Continues

http://story.news.yahoo.com/news?tmpl=story&u=/dowjones/20020724/bs_dowjones/asian_pacific_stocks_slide__tokyo_lower_at_midday_as_u_s__plunge_continues
312 posted on 07/23/2002 10:22:10 PM PDT by TLBSHOW
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To: TLBSHOW
Where did the money all go? Here's one area to check:

This little gem is not for charter at this time, it was just launched in 2000. It's German, 244 feet long, goes 38 knots max (that's REAL fast) and has a 2500 nautical mile range. There are hundreds more megayachts like her and even better out on the world's oceans today.

During the 1990s there has been an incredible unprecedented boom in the construction of megayachts. One hundred footers no longer even qualify: "megayachts" now start at 150 feet and go WAY up. These yachts make the yachts of the 1920s and 1930s seem like bathtub toys. The interiors are literally gold and marble and silk and exotic woods.

During the 1990s entrepreneurs and funny money men went on a yacht building binge orders of magnitude beyond anything ever seen in history. It's as if they saw the bubble stretching and getting ready to burst and wanted not only to move assets overseas, but to get ready for a life of luxury on the lam.

Folks in this strata don't worry about the fallout of the 1990s affecting them, and they have been able to pull powerful politicos into their orbits by arranging "vacations" and junkets on their little toys in exotic ports.

321 posted on 07/23/2002 10:35:27 PM PDT by Travis McGee
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