Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Jim Willie CB who wrote (29047)	3/4/2003 6:03:37 PM
From: Art Bechhoefer	Read Replies (2) of 36161

Jim, it's difficult to combine too many factors together and make sense of any of them. The high household debt you mention (I don't know where the figure comes from) is serious only in the sense that it makes growth in consumer spending harder to achieve, and lengthens the current economic slowdown (not a recession). What worries me more is that as government debt increases, business and consumer access to low cost credit decreases, thereby slowing new capital spending or consumer spending. That is serious indeed. But investors can deal with these issues by selecting the kinds of investments that would either be immune from these changes or would take advantage of them. Gold may be one alternative. Another would be an investment in high growth economies, such as China, through the use of a mutual fund such as the Templeton Dragon. I can't recall seeing a period when there is NOTHING to invest in. Art

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