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Pastimes : Alan Greenspan MUST GO: -- Ignore unavailable to you. Want to Upgrade?

To: Master (Hijacked) who wrote (109)	5/27/2000 1:46:00 AM
From: Scumbria	Read Replies (1) \| Respond to of 494

Vince, The point being that this drop in spending can snowball into an avalanche with people losing jobs. And as people lose jobs, those still employed fear losing theirs so they stop spending and become hoarders which amplifies the problem exponentially.....thereby resulting in a recession. Well said. Scumbria

To: Master (Hijacked) who wrote (109)	5/28/2000 4:16:00 PM
From: SJS	Read Replies (1) \| Respond to of 494

Vince, First of all, homeowners that DON'T have fixed rate mortgages will see increases, but these are NOT going up catastrophically as you suggest because there are yearly caps. It sounds like you're in Canada (based on your use of the term "province"). I will freely admit that I don't know the credit laws or protocols there....... However, in the States, there are rules for ARM mortgages. As well, I mentioned that I wanted you to look at the CRB indexes because they show such huge inflationary increases, so I went and got them for you: I've made some clarifying edits to the table (added the "+" to show direction.....)to help you see what AG is dealing with on the commodity front. See the link: crbindex.com _________ Today Previous Change Year Ago % Change CRB Futures Index 225.00 224.53 0.47 187.05 +37.95 Industrials 212.01 211.55 0.46 179.00 +33.01 Grains 178.60 176.83 1.77 157.86 +20.74 Livestock & Meats 251.54 250.44 1.10 223.35 +28.19 Energy 300.75 304.48 -3.73 168.84 +131.91 Precious Metals 258.49 257.09 1.40 228.56 +29.93 Softs 275.57 274.67 0.90 269.51 +6.06 Bridge/CRB Total Return Index 1982=100 - May 26, 2000 CRB Total Return Index 197.24 196.85 0.39 165.65 31.59 Bridge/CRB Futures Price Indices 1977=100 - May 26, 2000 Currencies 119.70 118.38 1.32 123.90 -4.20 Energy 249.96 254.80 -4.84 149.93 100.03 Interest Rates 102.31 102.17 0.14 116.31 -14.00 Bridge/CRB Spot Indices 1967=100 - May 25, 2000 Metals 243.05 242.92 0.13 225.11 17.94 Textiles 251.45 250.81 0.64 230.64 20.81 Raw Industrials 270.02 268.91 1.11 248.27 21.75 Foodstuffs 193.90 195.07 -1.17 190.42 3.48 Fats & Oils 181.91 181.06 0.85 181.38 0.53 Livestock 271.65 269.33 2.32 235.81 35.84 CRB Spot Index 235.89 235.89 0.00 222.81 13.08 Stock Market Momentum Index - May 25, 2000 SMMI 10-day Avg. 57.31 58.56 -1.25 67.34 -10.03 SMMI 25-day Avg. 60.28 60.91 -0.63 70.53 -10.25