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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