Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: EL KABONG!!! who wrote (20138)	6/21/2002 11:26:37 PM
From: TobagoJack	of 74559

Hi KJC, before I go swimming, I wanted to let you know that you are in fact wrong and misguided <g> about <<reasoned that unemployed people are not likely to be big spenders of discretionary income>>, because they now have more time to shuffle equity and debt balance of their homes, managing their home equity with the same CNBC chants they used to supervise their stock equity, and still have more time to go shopping, using the fruits of their shuffling. This happy state of affairs is the New Age Win-Win resolution to the inconvenience of having had to go to work in the Old Economy. It is so simple, 'cannot find work? just retire'. <<valuations?>> Do not fret, the stock equity valuations are getting cheap, day by moon-lit day, relative to housing equity. Chugs, Jay

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