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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: John F Beule who wrote (125724)9/26/2001 5:30:32 PM
From: Raymond Duray  Read Replies (1) of 436258
 
Hi John,

Re: That's a nice dream. However that proposed stimulus package comes out, it will be geared towards getting consumers and businesses to spend and finance "to infinity and beyond". Real problems won't get solved.

I don't agree that we'll be that stupid. Everyone knows the consumer is burdened with the greatest debt levels ever in the US. This is unsustainable, IMO and the opinion of many economists. To add to this is to precipitate an even greater disaster later in the decade. As far as business investment is concerned, just what do you propose to invest in that has a return on capital? I don't see any new frontiers here that can soak up enough investment to turn the economy around. The technologists are pushing "nanotechnology" as the new buzzword. As an investor, I've investigated this and I'm seeing nanoreturns.

Cheerio, Ray
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