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Pastimes : All Clowns Must Be Destroyed

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To: Rarebird who wrote (40789)6/20/2000 9:17:00 AM
From: pater tenebrarum  Read Replies (2) of 42523
 
RB, i feel the same way about this...one day, gold will be coming back into fashion, but right now it looks just about as hopeless as it gets.
US private sector debt expansion during Q1 was a real whopper btw.
interestingly, the NY securities houses were the ones increasing their debt load the most - presumably to keep the stock market from falling out of bed...they went on a veritable buying spree.
it seems with the Fed out of the way, the credit bubble is on its way to expand further...if ever a recession hits the US again, the enormous private sector debt load will crush the economy.

oh yes, the trade deficit over $30 bn. again....don't worry, be happy :)
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