Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: AC Flyer who wrote (17542)	3/28/2002 9:56:05 PM
From: TobagoJack	Read Replies (1) of 74559

Hi Mike, <<The US is not Japan>> True. <<The money has been squandered (or looted, if that is how you see it)>> True and true. <<write-offs have been taken>> and more to follow, stripping equity (however imagined) backing from debt obligations. <<The effect going forward will be to produce favorable earnings comparisons, year over year>>, plus either expensive money, or wild looting inflation, then expensive money. <<This'll become more obvious in late 2002, early 2003>> Maybe, and then the market will realize that economic growth does not translate to rising equity market, just as looting did not translate to falling market. <<The market is discounting this now>> and Japan has been discounting for some time already, living on the savings that they have. Chugs, Jay

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