[Rhodes22-list] Dow Jones.....I hate to say it.....

[Brad Haslett]

Dave,

Blue Light Special On Isle Three!  Buy stuff when it is on sale.  People
still drink Cokes, they fly Boeing's, they need pharmaceuticals.  The sky is
not falling, it is merely starting to rain.  This has been a longer than
usual cycle and the business cycle is always ugly in the end.  Cheap money
is probably over for awhile .  That is not altogether a bad thing. However,
if you don't participate in the market, you don't win or lose either way.
Ain't capitalism fun?

Brad

On 8/9/07, DCLewis1 at aol.com <DCLewis1 at aol.com> wrote:
>
>
> As per Wally, I think we're looking at a potential near term financial
> disaster with the emerging mortgage debacle.  I don't want to alarm
> anyone,  there
> are always potential disasters laying about, but this one appears
> pretty  real
> - you might want to be aware and watch it evolve.  Regardless of any
> government bail out, the mortgage debacle has the potential to adversely
> touch  your
> life in a lot of nasty and unexpected ways.  It looks to me like
> the  issue isn
> 't "don't bail out the home owners" the issue is immediate and  effective
> damage control at every possible level.  Any reasonable thing  that can
> help
> keep those mortgagees current is a good thing.  It's a   nice thing  for
> the
> homeowners, it's critical to at least some parts  of the US and European
> financial systems.  As I understand it, the  European Central Bank and The
> Federal
> Reserve Board quickly moved  today  to make more than 120 Billion dollars
> available to provide liquidity  to their financial institutions in
> response to a
> seize up in the credit  markets - this suggests a very serious and time
> urgent
> problem. And really,  the mortgage debacle has only started to
> unwind.  Wally's
> got it right -  there is a major problem looming.
>
> We live in interesting times.
>
> Dave.
>
>
>
>
> ************************************** Get a sneak peek of the all-new AOL
> at
> http://discover.aol.com/memed/aolcom30tour
> __________________________________________________
> Use Rhodes22-list at rhodes22.org, Help? www.rhodes22.org/list