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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (43072)	3/14/2000 11:15:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 99985

dmp, forget what you see @ cme, tonight, recheck @ 0830, as far as fair value goes...Cash is King.

To: dennis michael patterson who wrote (43072)	3/14/2000 11:21:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Dennis, see my post on overheated economies...by the time you see it in the economic data, it will be too late. there can be no doubt that the quality of credit has decreased...i have some data documenting this, will post them on occasion. private sector debt in the US is at an all-time high (household and corporate). therefore the next recession will be a doozy. even though we have had a record long expansion, bankruptcies and junk bond defaults are near record highs. no problem while the expansion continues, but that can change overnight. regards, hb

To: dennis michael patterson who wrote (43072)	3/15/2000 9:22:00 AM
From: bobby beara	Read Replies (3) \| Respond to of 99985

Dennis, you don't need data for this, just look in your mailbox everyday and tell me how many offers you get for an instant credit card, instant leasing, instant unsecured credit line. and compare this to 10 years ago. The banks and credit agencies are doing the same thing the dot.coms are, panic buying market share and paying little attention to credit quality as the good times roll. Your government is even getting in the act of financial recklessness by allowing people to charge their tax bill on credit cards, which is up 600% this year over last year. As you've noticed average hourly earnings have been flat for years, your average working joe is supplementing their income and ability to keep the economy humming with credit. This is all fine and dandy with 4% unemployment, but when the worm turns (and it will the business cycle hasn't been repealed, despite all this new economy bs), there will be a lot of debt default. Do you understand what an inverted yield curve means and the track record is pretty accurate. b