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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