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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

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Nov 18 4:00 PM EST

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To: Zeev Hed who wrote (69520)	2/19/2001 1:08:04 AM
From: Joan Osland Graffius	Read Replies (2) of 99985

Hi Zeev, >>Lower interest rates does trickle quite rapidly you consumers and corporations bottom line. I think we have a different situation today than during most recent economic downturns. The costs of utilities, i.e. electricity, natural gas, telephone, cell phone, cable television; have all increased to the point that any refinancing will be eaten to pay these bills. We are also incurring increased costs for food and most things other things we purchase. I know a slew of people that bought new homes during the past 10 years and they are refinancing just to free up capital to pay these bills. This last crop of new homes around here during the 90's were build with 3000 to 5000 sq feet. Heating these homes when the cost of Natural Gas has doubled in price per unit and we are using 3 time the natural gas to heat our homes is a very large shock to any budget. In Minneapolis people are really tighting their belts because of the GE/Honeywell get together. There is a huge Honeywell population here and no one feels secure with their jobs. Honeywell has a large number of vendors in the area which just makes matters worse. The state of Minnesota is already feeling the fall out of decreased tax receipts. You are aware that the average household holds $8000 in credit card bills. Now I don't have any so someone else has more than $8000. <g> The only thing that I have seen cheaper are consumer electronics and fire after christmas sales at our local clothing stores. We recently purchased a 36" HDTV ready flat screen TV and negotiated a heck of a discount. Of course they threw up when we wrote a check and they were not going to be able to get over 20% interest on a loan. <g> I sure could be wrong, but this is my current take on the state of affairs today.

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