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MattK · 08-14-2003

In the July issue of "Equities" magazine, John Templeton made these quotes:

"The stock market is broken, and it will take some time, maybe years, to repair it."

"Every previous major bear market has been accompanied by a bear market in home prices . . . . This time, home prices have gone up 20%, and this represents a very dangerous situation. When home prices do start down, they will fall remarkably far."

"The total debt of America is now $31 trillion. That is three times the GNP of the U.S. That is unprecedented in a major nation. No nation has ever had such a big debt as America has, and it's bigger than it was at the peak of the stock market boom."

h34r:

08-14-2003	#25
MattK Members Join Date: Oct 2002 Posts: 97	In the July issue of "Equities" magazine, John Templeton made these quotes: "The stock market is broken, and it will take some time, maybe years, to repair it." "Every previous major bear market has been accompanied by a bear market in home prices . . . . This time, home prices have gone up 20%, and this represents a very dangerous situation. When home prices do start down, they will fall remarkably far." "The total debt of America is now $31 trillion. That is three times the GNP of the U.S. That is unprecedented in a major nation. No nation has ever had such a big debt as America has, and it's bigger than it was at the peak of the stock market boom." h34r: