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

To: LTK007 who wrote (29445)	10/4/2001 11:28:59 AM
From: LTK007	Respond to of 30051

also regards this data <<Initial Claims rose 71K to 528K last week. The four-week average rose to 453.5K from 424K. Key Factors Claims now at their highest level since the July 1992 GM strike. Four-week average the highest since December 1991. Continuing claims rose by 133K to 3.410 mln during the week ended September 22. Continuing claims at their highest level since August of 1992. Increases not surprising when considering the paralysis surrounding corporate spending. Even before the attacks, corporate America had stepped up its downsizing to protect profits.>> i quote an Economist on PBS versus a Banker Loan specialist.The economist spoke out and GURANTEED that the low interest rates WILL absolutely positively dramatically reverse the economy upwards--saying it always has it ALWAYS will(he stretched the truth historically here a good bit--a large bit really---the 30s here and Japan in the 90s,are not evidently noteworthy). The Bank Loan specialist replied firmly you are WRONG,this is NOT the past.This is a whole new ballgame. And then said,fact is would be borrowers are ALREADY debt-loaded,they can't add anymore debt even if it was at 2percent interest. But the we can do ,we will reverse this attitude will be the dominant view as that is human nature.Max p.s.so the consumer has two choices keep spending,thus save the economy,but as an individual go bankrupt. Or stop spending,save his money and as an individual survive. As i said before the constant pressure ,and preaching to consumers is a the perpetual drive to keep the rich getting richer and the middle-class poorer and the poor even poorer. That great BOOM of the 90s,guess what,a study shows this fact--the rich got a LOT richer,the middle class poorer and the poor even more poor. that is the facts. But aj has informed me the COMMON worker is a spend-thrift idiot and will keep spending anyways(he knows this because he is management)--i happen to think that is a bigoted snobs idea,but then i am again shamelessly revealing i come from the working class,i guess i should be pulling my forelock(ng).Time will tell.Max