Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: gpowell who wrote (1125)	5/12/2003 4:52:38 PM
From: Earlie	Read Replies (1) of 4907

GP: Not to step in where Dak could do a better job, but with respect to the short term here in N. America, he is accurate. Most N. American consumers rely increasingly (totally ?) on borrowed dough for their major purchases. If the rate of their borrowing slows (i.e. they actually start to save) then, fewer bucks get spent in the current economy. This just intensifies the negative spiral over the near term. Obviously, over the long term, it is good for the economy as it provides the ammo (dollars) for future investing. The US consumer has cut back in his borrowing of late, except for the refi scene (which should be viewed as just another form of consumer borrowing). Best, Earlie

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