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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (3398)5/3/2001 11:47:00 AM
From: jim black  Read Replies (1) | Respond to of 74559
 
As a matter of fact Fannie Mae and Freddie Mac are both in potential trouble for their loan policies,
so much so that it is public record Warren Buffett in his Berkshire Hathaway has bailed out of both.
Most Americans have left their 401k's alone because they face tax consequences that hurt, i.e., 10% early
withdrawal penalty if before 59 1/2. But many did refinance their homes for money to play in stocks.
jim black



To: smolejv@gmx.net who wrote (3398)5/3/2001 6:24:19 PM
From: FrozenZ  Respond to of 74559
 
The point of mentioning the deeply indebted american consumer was not to question his ability to buy stocks, but to question his ability to spend our way out of recession. A decrease in consumer spending means less profits, which means more upcoming earnings warnings, more layoffs... well you know the cycle.


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