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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

+0.8%

Nov 14 9:30 AM EST

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To: RetiredNow who wrote (54991)	9/6/2001 9:29:24 PM
From: bambs	Read Replies (2) of 77399

that's mad logic... we have a "negative savings rate". that is unhealthy, unsustainable, and has lead us to a credit bubble. as everyone goes out and borrows and spends you get a boom in the economy. corporations, the government and consumers have taken on massive debt over the last decade. they have spent money they don't have. think about this. look a the cost of owning a home when interest rates are 13-15% like they were years ago. then imagine the effect of lowering those interest rates to 3.5% it makes homes cheaper to own. so the price goes up. as the majority can suddenly afford $150,000 mortgages. As the asset prices rise, those that already own homes feel rich and spend. people move from home to home and end up with larger mortgages then they had before. with the recent drop in rates people have refinanced and take out a larger mortgage to get some new appliances or a new car. it's all funny money. it's plain to see. it will end badly. it's unsustainable. we are in the midst of a credit bubble that is beginning to burst. it will cripple us just like it did the japanese. make many slaves to debt. what will happen when rates can't go down any longer? like what happened in japan? game over..end of the pyramid game. greenspan and the boyz have made a very nice debt party. the hang over will be brutal. bambs

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