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To: Mark Fowler who wrote (139705)	2/22/2002 3:16:08 PM
From: GST	Read Replies (2) \| Respond to of 164684

Mark: I don't think having a savings account is unpatriotic. I don't like our reliance on mid-east oil or Japanese and Chinese savings. We should do something about that. I do not believe either of these opinions to be anti-American -- quite the opposite.

To: Mark Fowler who wrote (139705)	2/22/2002 3:45:50 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>>Like i said i'd be careful about what you say!! Bro Markus, isn't the beauty of any democracy freedom of speech?

To: Mark Fowler who wrote (139705)	2/22/2002 5:51:30 PM
From: re3	Respond to of 164684

um, it seems to me that the economics concept of 'saving' NOW for capital goods later is fairly sound...i think that philosophy held through ww 2 (the big one per archie bunker)...now it seems that 'spend and help the economy' is the mantra of the day...of the two philosophies, it seems to me that the 'save' philosophy is more prudent... finally, re deflation, well, any government in my mind OWES the pensioners when it is their turn to collect, after all they paid into the plan...now if we have deflation it seems to me that tax revenues would be shrinking while all debts still must be paid...i think that WOULD be a hard go for any country... and what might cause such deflation ? maybe partly from j6p who blew the wad on inut stocks, and now has NO money to spend spend spend, despite the no money down and pay later phenomenon... all i hear around my town is 'with these cheap interest rates'...doesn't anyone understand that if you buy a condo with 5 % down the bank still wants the other 95 % ??? anyway here is part of a post on the zeev turnip thread with comments from marc faber from barrons: _____________ Q: Well, what are you looking for? Faber: The American economy is a disaster waiting to happen. Greenspan's interest-rate cuts have supported consumption artificially and borrowed from the future. The so-called booms in car sales and housing will come to a very bitter end. Greenspan basically moved the bubble from Nasdaq into other sectors of the economy, and these bubbles also will burst. Whether they burst right away or in 2004 is immaterial.( that's my point also,when is immaterial really,the fact is,it is inevitabe--but in the mean time play the swings,and i suspect they shall be quite dramatic until this game of manipulation finally collapses,imo.-max) Now, consider the huge money flows from foreign countries into the U.S. If this money hadn't come in, how much lower would the stock and bond markets be? I think the American consumer is brain-damaged. He should be pulling back and increasing his savings rate dramatically. But, no. He's pushed by CNBC and the authorities who always talk nicely about the future into consuming more.