Great Depression II Is Here: ENRON Is The Catalyst ?

Q: everything you are screaming to the public right now screams "amateur," and it -could- be killing an excellent idea. See if you can bury your anger a little and take some of the advice that's being given you. Like I said, you could be killing an excellent idea and it's completely avoidable that you do so.

A:The deregulation that allowed Enron to operate their fraud also allowed every other corp to ride on the edge of the abyss. Even if there is no other out and out fraud (LOL) one or two or ten or twenty more big collapses will destroy all confidence in the market. Great depression I think it feels like a depression of huge calamity is on us because our expectations got so ratcheted up from the ridiculous hype that filled the media for so long. As for the debt and other problems weve always had them even in the 90s. Its like Milstox says everyone always thinks theres a world war or depression watiing right around the corner. Even in the 90s I totally forgot but there was a string of disasters the Asian meltdown which was a huge thing which everyone was worried about and did we "fix" it? Nope many of the nations are still terrible. Argentina got bailed out many times. Brazil melted down. Mexico had a huge problem which did turn out OK but they are still in bad shape. LTCM - you name it. There are always crisis going on. People predicted a Great Depression in the late 80s and early 90s. Personally I think that triggered the 87 crash. I have a book by a MIT prof that analyzes it and points to stuff like new legislation being considered

restricting M&As which was a major reason for the booming stock market and other things but at the time the popular media had all sorts of kooky theories as usual like in the 90s about the economy and there was even a bestseller by Batra , they were all wrong of course but a lot of people started believing it. I even read an interview by Paul Tudor Jones I think, Im not positive if it was him - and the person echoed the crash theory and a lot of the people had talked about how stocks had gotten overvalued. If this is the case I will just have to hand my keys to everything I own to the government and go fishing because I will loose everything from a depression.