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

To: pbull who wrote (50954)	5/4/2002 12:19:16 PM
From: Jim Willie CB	Respond to of 65232

two comments: decline in US$, consumer credit cards agreed, media spin on dropping dollar will be the benefits to US exporters, our competitive edge restored but they will underestimate the extent to which a decade of momentum can occur, slowly and inexorably currencies typically enjoy a decade of trend the real harm will come to US assets first collapsing asset bubbles take years to resolve declining dollar will unleash forces unseen in this country we have never had such a large trade debt before the imported inflation effect could be horrible consumers continue to use credit cards I believe before this 00 decade is over, fully 15% of American households will have declared bankruptcy in the 1980's the second income provided financial means they have no third income, which is sorely needed that gap is supplied by mounting debt the crescendo to MCdebt is its final phase upward explosion the tendency is to see the end in sight, and accelerate with Ch13 filing only months away and a certainty, the human tendency is to spend in a final hurrah been there, done that, gonna happen / jim