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hasher

03/09/05 11:19 AM

#8840 RE: otterman #8839

FWIW, those office lotteries can be good. A friend of mine was in a pool with 15 others and got 327K as his share of a win, about 6 years ago.. Ironically, he was a broker and lost it all on a bad deal .. no joke LOL
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catchet

03/09/05 1:07 PM

#8850 RE: otterman #8839

OT, otterman the difference between 1929 and now, is the gov't in 1929 wouldn't deficit spend and debt its way out of a recession that could become a depression like 1929 did. Now the problem is the opposite one and near the end of the road of that process. We deficit and debt spend out of all our economic problems. But it is so high now it can't go any higher to get us out of the next big crash. We finally have to pay the piper in a big crash way, and restructure and reorganize everything. The people we will have to write off big chunks of debt to and start over is not only going to be the 3rd world but the first world too. Because we are all going to be in big bankruptcy by the end of this decade, and unable to pay off past decades of gov't and commercial debt.