Bubble-licious!
Carl Remick
cremick at rlmnet.com
Thu Feb 18 06:42:27 PST 1999
Quote of the day -- from the current, long-winded NY Times series on the
spreading global economic slump: "The American stock market has ...
soared to its highest ratio of market capitalization to gross national
product (140 percent) ever recorded in history, a ratio that compares
with a previous peak of 81 percent in 1929. The American ratio is more
than twice as high as Indonesia's or Brazil's at the time their crises
hit."
Carl Remick
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