Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sabrejet who wrote (15933)	5/17/2001 11:44:34 AM
From: Mark Ivan	Respond to of 30051

Sabre, You must drink milk yourself. I have 2 kids and a wife that stays home, but I only go thru 3 gallons/wk. Don't touch the white stuff unless there is a couple of Tablespoons of Netsle's Quick in it. Back on subject. I agree with the spending. I have cut my spending way back also. I am in telecomm (a VERY scary place). People losing a lot of jobs here. Yet consumer spending keeps on happening??? People are running on high debts right now. Credit, high mortgages, etc. AG lowering rates is only going to cause more trouble down the road. People will go higher into debt. At some point in time, people will have to reckon with themselves and pay down their debt. People usually don't do that until they need too, and then it is too late. Energy (and that is the key) will cause inflation in other areas soon. We may start a recession and not have room to lower rates anymore. You have seen it mentioned elsewhere....Stagflation. I'm not trying to predict gloom and doom. I just think AG is doing too much too fast instead of just letting us suffer for a while and letting this all work out. Mark

To: Sabrejet who wrote (15933)	5/17/2001 1:41:00 PM
From: Jdaasoc	Read Replies (1) \| Respond to of 30051

Sabre: people will start spending again??? It may look bad now but it takes time regain confidence in the economy. As Mark points out some people in telecom may lose their jobs but in the whole 90 something% will do OK I think Will Rodgers quote was "It's a recession until you lose your job then it's a depression". I see the signs of AG work in action. Go to Home Depot and they will give you 6-12 months free interest on most purchases above $500. This could only happen if their cost to borrow money was cheap. I am remodeling my office and the free interest allows me a little more cash for the market. On the other hand, I went into a Office Max today and it was like a ghost town. 3 Employees and 2 customers comprised the living matter in entire 100K sf store. So you will be able to find signs of weakness out their if you focus on looking for that kind of thing. I can only relate to you a response to my fears of a deepening recession after a least of 1+ year of being in a recessionary environment in early 92 when I had a neighbor who was senior sales manager of Brother International and I asked him if a recent bankruptcy of an office supply chain would effect Brother or even effect overall economy in a domino effect. His response was the event was "it was just a pimple on the backside of the economy". You just have to accept what is going on for what it is and focus on the fact that things will get better and there is no reason to get too concerned unless stocks or housing get themselves overextended again. john