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

To: Doug who wrote (69961)	2/22/2001 2:04:35 AM
From: GST	Read Replies (2) \| Respond to of 99985

Earth to Doug, return to planet earth. The average American has a lofty $8,000 dollar credit card balance and is in hock up to their all-American ears with car payments and mortgages. We have a negative savings rate -- like it or not, the American people are deep in debt and nothing goes to their bottom line faster than an interest rate cut -- nothing. Sure, productivity matters more than anything else, and sure IT makes a modest contribution to that allowing us to have improving standards of living -- but that is not the debate here. The debate is whether or not AG stands back and watches the global economy go the the toilet - not bloody likely is the answer imo. Inflation? AG is worried about global meltdown. Japan is a total screw up. The rest of Asia faked most of their "reforms". China will have civil war if they do not find tens of millions of jobs for displaced state employees and pronto. Is the world in great shape? No. Will interest rates fix everything? of Course not. But the patient is in the ambulance with an irregular heartbeat and shallow breathing -- AG is going for the vein.