Tales from Bubbleland
Enrique Diaz-Alvarez
enrique at anise.ee.cornell.edu
Tue Apr 18 09:01:23 PDT 2000
Housing starts plunge 11.2%. However, the flow of capital from credit
cards and 125% mortgages towards the Greenspan Bubble continues
unabated, as markets make up all their Friday losses. So, Gomer Pyle's
increases are starting to strangle the real economy while doing nothing
to reign in his Bubble. Oops, I forget, it's no Bubble, its the
considered judgement of millions of informed individuals discounting
future earnings.
Hey, just thought of something. Maybe Al is Mark Jones secret alter ego,
carrying out his devious plan to ruin American capitalism. If so, hats
off to him - he couldn't be doing a better job.
--
Enrique Diaz-Alvarez Office # (607) 255 5034
Electrical Engineering Home # (607) 272 4808
112 Phillips Hall Fax # (607) 255 4565
Cornell University mailto:enrique at ee.cornell.edu
Ithaca, NY 14853 http://peta.ee.cornell.edu/~enrique
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