Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: A. Geiche who wrote (651)	7/31/2001 10:46:52 AM
From: Ahda	of 1643

Despite the concerns, Mr. Sohn of Wells Fargo is more optimistic. "At the bottom, you get a lot of mixed economic reports," he explains. While most people were focused on the layoffs at the high-tech companies, he says, there were some positive changes. Tuesday July 17 8:48 AM ET Wells Fargo Posts Second-Quarter Net Loss SAN FRANCISCO (Reuters) - Wells Fargo & Co Inc. (NYSE:WFC - news), the No. 4 U.S. bank holding company, on Tuesday posted a second-quarter loss, as the value of its investments dropped sharply in a weak stock market. I live in Ca.Other portions of the nation where the cost of housing is considerably less could grow a bit due to the possible exodus from certain portions of Ca where costs are too high. Here costs exceed benefits from the corporate level down to the base. Nominal workers become to costly during a decrease in corporate profits. This ripples through the whole economy as most of us are nominal. The period of high employment we have experienced is about as optimal a condition any one could ever hope for. It is my belief we will continue to see a reduction in employment. The difficulty of the people service business is out put per hour per individual varies greatly. In the manufacturing industry due to automation the balance sheet can be more accurately predicted. Wages have not decreased I believe we will soon see corporate reductions influence wages in the general economy. This will be slow as the FED attempting to avert this does give the financial industry a bit of a boost. The FED s intervention here is creating much surplus cash and I view it as inflationary. Nominal workers are requesting higher pay to meet base costs and employers can no longer meet those base costs unless they decrease their own wages which is unlikely. The result is the lack of profit equals fewer employees or over supply of said and lack of demand. You cant convince the whole of the economy to go into research and development increase their debt load when the profit potential isn't there. This is what lower interest rates are attempting to do. There will be less working poor and more poor period. This will create less tax money for the FED. Thick is the mess we have created and slowly like lava from a volcano it burns the fields.

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