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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Terry Maloney who wrote (85704)	11/20/2000 1:42:18 AM
From: Skeeter Bug	Read Replies (2) \| Respond to of 132070

>>Either: 1) these bond/currency guys are stupid (which I doubt), or 2) people here on this thread (including Fleck, Tice, etc) are wrong about credit problems (which I also doubt), or 3) or there's something weird going on, where the USD is being supported by all the big players, despite natural self-interests (China, for instance) ... it makes me wonder if there isn't a growing appreciation, worldwide, about the "abyss below".<< terry, 4) the perceptions of folks that control these markets are disconnected with what you and i perceive as reality. i think this the most likely cause of what you see as strange behavior (strange to your perception of reality, but not strange to the majority's perception of reality). btw, i believe we can never KNOW reality, we can just PERCEIVE it (albeit, everyone perceives reality at different levels of accuracy). i'm always trying to improve my perceptions of reality. this view point makes it real easy to admit error and move on to bigger and better things. it has served me well to date.

To: Terry Maloney who wrote (85704)	11/20/2000 9:47:49 AM
From: Tommaso	Read Replies (2) \| Respond to of 132070

Not perfectly relevant to your comments--but I was much impressed with a column on the front page of the Wall Street Journal discussing the apparent lack of savings in the US. I guess I should have known, but did not, that apparently the government calculates this figure by taking total wages and subtracting total spending--or something like that. They must take taxes into account. Anyway, according to the column, dividends, realized capital gains, maybe royalties, are not included, and certainly not unrealized gains. That makes a huge difference. If a fmaily with two wage earners also has a lot of investment income, naturally they will spend all of their salary. That's a serious flaw in the government figures and changes the picture considerably. Things are still out of whack, but maybe as a nation we are not quite as profilgate as it had appeared.