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To: Claude Cormier who wrote (65818)	3/15/2001 12:10:30 PM
From: William JH	Read Replies (1) \| Respond to of 116984

I live in SoCal. Around where I live, a typical single family house in a middle class neighborhood is +/- $250,000, and that's lo-balling it. At 8% that gives a $1,847 payment, but with taxes and insurance it would be at least $2,200. Without a high paying job, one can forget owning a home here. It wasn't that way in the '60 - 80's. I don't call this a good economy (I own a home).

To: Claude Cormier who wrote (65818)	3/15/2001 12:47:11 PM
From: teevee	Read Replies (2) \| Respond to of 116984

Claude, You have a strange set of values if you think that living standards are the best ever when you you consider that: - savings of Americans have never been this low Coffins don't have pockets-you can't take it with you - individual and corporate debts have exploded so? those who can't manage their gearing go bankrupt - US broad money stock have expanded at abusive rate creating the largest bubble in US history The real problem is that antiquated printing presses can no longer match the paper money supply with economic growth. Printing presses can't be built fast enough. The economic slow down is because the money supply can't keep up with growth/demand. The only solution will be to go with digital currency. Then as much money is required can be created with a few key strokes. This will save tax payers lots of money too. - US equities and now in a bear market with still another 50% to lose from present levels The economy will continue as it always does. - Foreigners are now flooded with US dollars and will soon start to unload. Last time I looked, the almighty US dollar was THE international/world currency of choice. When you live on borrowed money, on day or another you must pay the price. debt can be increased indefinately, provided that manageable gearing is maintained.