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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (6888)	12/20/2001 11:42:43 AM
From: AugustWest	Read Replies (3) \| Respond to of 23786

It's not going to be until we as a country learn how to save as we've been spending for the last decade that our economy will turn the corner and finally bottom out. I know I've been repeating this same message for a couple years now, but I think the extreme wealth that was created gave way to way too much borrowing as the norm. If the Gov wants to help, they would stop making it so enticing to just go borrow more money and worry about it later. Blah blah blah(I know this is going no where, sorry for the ramble) while the U.S. economy has useful supply-side achievements to its credit, the expansion of aggregate demand had been structured in an unusual and unsustainable way-unsustainable because it relied upon a continuing growth of private spending in excess of disposable income. This, in turn, required a continuing increase in net lending to the private sector, causing a rapid growth in the burden of indebtedness, which could not continue indefinitely. Our conclusion was that at some stage, the growth of net lending to the private sector would go into reverse and that this would drive the economy into recession.