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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (47912)	7/28/2002 4:55:37 PM
From: Joan Osland Graffius	Read Replies (1) of 209892

Allan, I don't know about fundamentals. People in Japan and Europe have savings. You probably know more about Canadian savings better than I do, but Australians have savings. On an evaluation bases we do know the prices of stocks in Europe are much lower than the US markets. These countries do not have the trade deficit problem that we have. I do consulting and work with 401k plans. I see very few 401k plans that do not have loans. This is killing these people because they were depending on the increases in value of the investments to pay off the loans. Now employees are having to send more money to keep their commitments on the loans in the plan and of course their budgets did not make considerations for this to occur. The idea that 401k's are savings is a myth - heck it has been just another instrument for the US citizen to borrow from. It would not surprise me to see deflation at least for a period. I personally do not think the Japanese are dumb and they have not been able to get out of the morass of their busted debt bubble. Heck they have tried everything in the book over that last 12 years and nothing has worked. Joan

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