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Strategies & Market Trends : Currents of Currency

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To: Ahda who wrote (41)	5/20/2003 3:01:46 PM
From: Ahda	of 594

biz.yahoo.com Columbus, Ohio-based Big Lots posted quarterly profit slightly better than analysts had expected but 19.6 percent below its year-ago results. Sales rose 4.9 percent to $948.4 million. Shares of Big Lots jumped 6.8 percent. This is a very unusual store in my area as it represents all of America. The clientele is composed of people who have a cash surplus who are cash conscious and many who are just plain old fashioned cash stripped. Sales are growing makes sense as less dollars are flowing to the upper and lower mid income . Next I must look at the debt load that is of vital importance with even the whiff of possible deflation. When prices drop volume of sales must increase to cover margins that remain the same. One can use cost savings to make up for a little of the difference but this is only works up to a certain point. Quite frankly it is about now I would like to pop a few of the bankers in the nose. This group decided the sale of debt could be the most lucrative part of the economy..These profit oriented fools are a large part of the problem we now have. Debt is based on future projections of future the economy must grow and if you do not increases you are looking at mass defaults. . . AG will now try to educate the public on the risk tied to debt, Ideally banks should of been responsible enough to think not in terms that related to competition for debt profit but the safest way to ensure increasing strength in the dollar value to the nation. Unwise debt adds to the numbers of dollars that actually reduce the strength of the dollar's ability to create value. AG doesn't know me and I don't know AG but I am darn sure theory never includes the unknown of how stupid people can get. Dam this is one bummer of a market

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