time to worry?

Doug Henwood dhenwood at panix.com
Mon Oct 7 14:12:38 PDT 2002


Christian Gregory wrote:


>So, Doug you think the Fed won't be able to manage the next big one? Is this
>just an public form of denegation--no, no really, the banks are really sound,
>despite that big sucking sound . . .? Are you really worried?

Yeah, I was just playing psychoanalyst, and also applying (Claud) Cockburn's law - never believe anything until it's officially denied.

Worried? Yeah, a bit. We may already be in the big one and not know it fully.

Doug



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