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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: edamo who wrote (96046)4/18/2001 9:49:24 PM
From: $Mogul  Read Replies (3) of 436258
 
"average per capita savings of equivalent USD$ 80k...
japan and usa economies are not comparable...different basis, usa is a consuming service based economy, japan is a savings, production based economy."


Exactly, and here in the US we have A NEGATIVE SAVINGS rate, and people are already leveraged to the max...lower rates can't help when your house, credit cards are to the brink, bankruptcies will be at all time highs by the end of the year..... tax cut will only help people pay there increased bills..sorry thery won't be consuming like the analysts have touted.... derivities are at all time highs again...and financials are fully levereged..... you sir are about to see the begining of a revcession..and i hope you enjoy it..becase it is people like you who have there head in the sand, unaware of what is really going on, and think everything is jsut fine..happy as a peach. The facts and figures don't lie, Fed is in panic mode ..get over it... RECESSION is IMMINENT as called in January.

Good luck to you ..long tech..roflamo, you officially get the Clown of the day award.
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