
03-24-2001, 09:58 AM
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Registered User
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Join Date: Mar 2001
Location: Virginia, USA
Posts: 299
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Being a Yank, I'd have to say that the US's economy is not collapsing, and you'd be a fool to say otherwise. The reason it was at this break-neck boom was because many of the corperations, especially the dot-commers, were basically lying about their earnings, therefore jacking up their stock values, as well as the economy. Then, when the Fed raised the interest rates and got everything under control, (I think they raised the rates too much, anyway) things started to sloooooow down. So now we're at an age where the dot-commers are dying and donut companies seem to be prospering. It's not a collapse in economy. If you go to some ex-USSR country, now there's a collapse, but not in the US. No-sir-ee. |
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