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To: nolimitz who wrote (47989)	9/3/1999 8:41:00 PM
From: Skeeter Bug	Respond to of 53903

nolimitz, i'm extremely concerned about the future. these times now are very good. however, the backbone of these good times is a credit bubble the size most people don't comprehend. debt, debt, debt. the savings rate is negative. it needs to get more negative to keep the good times rollin'. if it doesn't then fewer products will be purchased, fewer folks will be needed to make products and layoffs will ensue. last year a net $300+ billion flowed into the us from foreign countries. this number has been growing at 20%+ for some time. it must continue to do so or the spending (and output!) will slow dramatically. when people, 1. stop spending more than they save, 2. begin to pay back some debt 3. stop realizing 30% cap gains on s&p earnings that decline 4. stop having access to artificially low interest rates, the spending will slow dramatically. when this occurs, i don't know. i'm worried about my medium term employability and am taking action to improve my viability during tough times. you can choose to worry and take action or not.