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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (48495)	3/8/2002 9:49:39 AM
From: Jim Willie CB	Read Replies (4) \| Respond to of 65232

consumer credit increase reminds me of SMU Batra argument mfg production is far outpacing individual income the gap is made up by consumer debt and corporate debt so the entire "recovery" since October is based upon zero-interest car sales, govt spending on security, tax rebates, and a resumption of consumer debt Batra maintains that the gap eventually runs out of resources the main things we have going for us is a desire to recover, and real increases in productivity, which is likely to continue for quite a while, given the excess capacity and equipment everywhere (dont bode well for tech firms, but does for energy firms) / jim