Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Moominoid who wrote (26132)	12/14/2002 6:29:47 PM
From: smolejv@gmx.net	Read Replies (1) of 74559

>>and the curve is steep and the right way around now. But it is low.... << etc This is no diagnosis, and probably not intended to be one. We're looking at symptoms, like "high temperature, with bouts of shivering and sweating". The diagnosis is: - excessive credit and ensuing (preceding? does not matter) consumption. - no real saving, to turn into (net) investment, to turn into new wealth and value. - so ... every new dollar of US debt is 20c (50c? - guestimates differ, but in any case the number is well below 1) of GDP growth. Diagnosis is malaria (bad airs). RegZ dj

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