This week's Barron's

[Greg Nowell]

--Good article by Abelson on the meltdown.
--Don't miss the article on junk bonds in the money
section.  Interesting discussion of liquidity issues.
--Don't forget to check out the futures market listings
on currencies and resources of interest (oil, gas,
etc.).

I have long admired the ability of the left to pick at
capitalism's defects, especially with regard to equity
isues.  But I've never found left-wing analysis to be
particularly useful for the 401k.  When I started grad
skool in 1980 one of my first papers was on the debt
crisis and how it was going to bring everything to a
crashing halt, and probably very soon, at that.  My
prof (W.D. Burnham) reminded me not to underestimate
capitalism's ability to muck along in a kind of
grinding perpetual problem mode.   In any case the
futures market listings are always good for "another
view" of what the next two years or so are looking
like.

--
Gregory P. Nowell
Associate Professor
Department of Political Science, Milne 100
State University of New York
135 Western Ave.
Albany, New York 12222

Fax 518-442-5298