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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (12445)	1/2/2002 12:54:51 PM
From: Baldur Fjvlnisson	Read Replies (1) \| Respond to of 74559

How solid are U.S. banks? How are they fixed for bad loan reserves. In the year 2000 the U.S. consumer credit industry bought themselves a new bankruptcy legislation and in the same year they sent out only 3.3 billion credit solicitations to only everyone with A PULSE. So you can see that enormous amounts of credit has been extended to very shaky debtors. Not to mention the debt ridden corporate sector. This will all come back to haunt this incredibly overpriced mess.

To: carranza2 who wrote (12445)	1/3/2002 5:01:51 AM
From: smolejv@gmx.net	Respond to of 74559

>>...but they are unwilling to do so...<< It takes some balls to go and sell 500 B of US treasuries into Dubja's or whoever's face. Plus sell treasuries means buying something. Another round of purchases in, say, Holywood (Sony & Matsushita send their regards)? USX, anybody? What about Amazon? And if the Consumi-San decides to start to consume (which I strongly doubt, they'll rather die in peace, clutching their bags of deposit chits), then consume what? Two Xboxes (third comes for free, with a complimentary XP)? A Harley for everyone under 75? A Ford SUV? A box of post-its? There's so much US has to offer in terms of manufacturing... So no wonder the so-called manana or StAugustin's syndrome:"Let's do it...tomorrow" kicks in. Any opinions? dj