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

To: MulhollandDrive who wrote (7743)	12/31/2001 1:03:59 PM
From: AugustWest	Read Replies (1) \| Respond to of 23786

Talk about a distraction!<GGGG> I'd rather have the lap . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . topless :)

To: MulhollandDrive who wrote (7743)	12/31/2001 1:04:13 PM
From: MulhollandDrive	Respond to of 23786

Loathe as I am to utter these words....I think I am probably part of the 'overhang' crowd.. :) On one side of the debate is the cash crowd — those who believe that the trillions of dollars recently injected into the economy will cause demand to surge soon for everything from clothing to workers. Pointing to the Fed's many interest-rate cuts, the tax cut of last summer and gasoline prices that remain lower than they were 5, 10 or 20 years ago, the cash crowd says the economy will do better in the next few years than it did in the early 90's. "The economy is awash in a sea of liquidity," said David Littmann, the chief economist at Comerica Bank in Detroit, who counts himself an optimist. He is joined by many investors and, based on their public statements, Bush administration officials. "People aren't comfortable with an unusual amount of cash, and the economy will be jump-started by the liquidity," Mr. Littmann said. On the other side is the overhang crowd — those who say that all that money will not be enough to counter the structural imbalances in the economy. These worriers say that many businesses still have more equipment than they can use profitably and that consumers, who cut spending far less this year than in previous downturns and still have high debt levels, may not raise their spending much in coming months.