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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: MythMan who wrote (11883)11/25/1998 12:57:00 PM
From: IceShark  Read Replies (2) of 86076
 
There may be some sort of problem with the savings rate statistics, don't ask me what, but I heard Kathleen Hayes (CNBS) mention that she got a call after she first mentioned the number on the air from some joker that told her that. The gist is the negative savings numbers are really positive for some statistical error reason! -nfg- Sounds like bullshit spin to me to keep the bubble going, but who knows.

In any event US savings are down and the Chinese are worried sick about it and are making tracks to get out of concentration in $s. How does the phase in of the Euro work? I don't think the real currency is coming around for a couple of years but I think various business contracts, etc., start the first part of next year - are bonds included too? That will sure kick US treasuries in the nads, not to mention the dollar. -g- Thinking about the rolling effects of oil prices and everything else that is priced in dollars makes my head hurt.

On that borrowing money from home mortgages and credit cards and then using margin .... I think there is a lot of that going on. Heck, it has worked so far and can keep adding more fuel to the buy side. Despite EasyAl the market will shove bond rates back up and we will be in a real fine mess. I wonder if we will be alive when that happens? -g-

Regards, Ice
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