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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: epsteinbd who wrote (91322)	7/4/2002 7:29:46 PM
From: Zeev Hed	Read Replies (4) \| Respond to of 99280

Come on gentlemen, take the politics elsewhere. Did anyone notice the mini explosion in the national debt since we increased the debt ceiling, a cool $105 Billions increase in the National debt since the end of May. In the six month prior to the end of June, debt increased by $75 B, but during June alone it blew by $105 B. By the time October comes around, we will find that the budget deficit this fiscal year was in excess of $300 Billions. That may start and have a negative impact on interest rates. I think that government is going to pull all "stops" to try and get us into the elections in a cheerful moods, Bush will try not to repeat his father's mistake. But, we always have to pay the piper sooner or later, the resulting increase in rates will act as a yoke on corporations that are trying desperately to reliquify. If that happens when consumer start and retrench later this year, Christmas might not be as rosy as was expected. I wonder if the return of zero rates loans on cars is an indication of slow down in the automotive markets. I know there are few people on this thread that are in the car dealership business. Maybe they can chime in with their "reports". If the automotive segment weakens, it might be a sign that the the consumer is indeed "retrenching". Zeev