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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Skeet Shipman who wrote (53319)	7/23/2001 12:53:00 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 94695

>yet empirical evidence documented elsewhere suggests just the opposite, namely that wealth does all of the adjusting and consumption and labor income do virtually none of it.< BULL Compare Japan of fifteen years ago to today. Or the US during the early 1930's to the late 1020's. The fact that these folks can make this claim, seems to indicate that the change in consumption due to change in wealth takes several quarters to impact. Or that there is some sort of threshold of wealth destruction that has to take place before consumption adjusts. Either way, the above is pure BS ...

To: Skeet Shipman who wrote (53319)	7/23/2001 1:18:58 AM
From: Gersh Avery	Respond to of 94695

whoops .. should have read the whole article before responding ..

To: Skeet Shipman who wrote (53319)	7/23/2001 5:50:07 AM
From: William H Huebl	Read Replies (2) \| Respond to of 94695

The noveau rich (or is it riche) seem to adapt VERY quickly to the new found wealth! Would I? If I put myself in the place of, say, a lottery winner, it might just take me several months or even quarters to REALLY get into it??? Now if you ask me how long it takes me to adjust to, say, a COLA or a raise... probably not at all! My wife may go out and blow a bit of it on sundries and stuff, but no real change in purchasing habits. However, the whole theory behind the speed of the tax reduction/refund process underway right now is that the populus will spend it right away! Go figger? I think we not only have a stealth bull underway but we also have a stealth recession - and I think we may pull out of it fairly soon! I am counting on it...