Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (22905)	8/20/2002 7:23:06 PM
From: Maurice Winn	Read Replies (1) of 74559

Dr Mark Faber's big lie! He has taken the lesson of making a BIG lie to heart and the gullible who believe him will lose their shirts again. <Don't forget that the Nasdaq bubble of 1999/2000 was only made possible by the easy monetary policies of the U.S. Federal Reserve Board. > False! He's like the crazy greenies who want everyone to believe in doom. <In other words, debts grew ten times faster than GDP. > Yawn! So what. Of course debt grows at about 10x ratio. People pay debt with income and if income grows by $1, then they can take on another $10 in debt, because interest rates are about 10%. Well, they are lower, so people can take on more debt, but to be conservative and to allow for interest rates going up again, they should stick to 10:1 to be safe as houses. Safe as houses! Did that tempt you Jay? Mqurice

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