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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.72

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Jan 16 4:00 PM EST

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To: Doug who wrote (74424)	4/7/2001 7:23:52 AM
From: Square_Dealings	Read Replies (1) of 99985

<when the CPI (Inflation) rises> The only reason for the supposed low or non-existant inflation is the huge pile of debt. Instead of paying the price the government (local and Federal) has arranged to have it accumulate in large bags, like credit cards, homes, telecom mega-bonds for years. Also the public has been satisfied to have their entire future go into the stock market and a huge mortgage. The debt exposure here relative to earnings power to pay it off is incredible. There are only two ways out of the current crisis imo. Let inflation do the job of slowing growth and weeding out the credit-worthiness of individuals and corporations, or massive debt default and a clearing of the books (carnage in the financial system) The lowering of interest rates at this point only delays the agony because the debt pile gets deeper each time rates are lowered. M.

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