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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (15491)	7/10/2002 3:53:41 PM
From: SliderOnTheBlack	Respond to of 36161

o/t sharp... new self-imposed rule for SI SD II 1 tit for each tat. asked & answered. PS: Interesting notes from the Daily Reckoning - which I love... always interesting: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ - very interesting point concerning China & Russia. Putin is one sharp little KGB'r...playing us all like a cheap fiddle... doing a nice job bringing Russia out of the ashes....plus check out those US CONSUMER DEBT numbers... if that doesn't spell out the when, not if collapse to consumer spending & the collapse of the Housing/Real Estate Bubble... nothing will... The Providian's, Capitol One's, Household's, Citi's (bought Commercial Credit, Associates etc) et al - are holding the biggest bag of bad consumer debt in modern history... the Fed will assure that it will be 2 years before this collapses; but collapse it will... ["..."China is exporting deflation at a very rapid rate," explains Mr. Russell's correspondent. Almost no matter what Americans or Germans can make - the Chinese can make it cheaper. Plus, "Russia is now moving towards becoming the world's largest supplier of most industrial commodities (including oil) and they too will use their competitive advantage and sell their goods cheaper than anyone else," he continues. But as we mentioned above, nothing ruins a good economy faster than too much easy money. Thanks to Alan Greenspan and the Fed, "the U.S. private sector debt alone is over 280% of GDP," Russell's reader explains, "and is the largest debt pile in world economic history. The U.S. telecom sector alone has more debt than the entire Japanese property sector did or has." "In the first quarter of 2002, consumers borrowed at an annual rate of $695 billion - breaking all previous records," Dr. Richebacher elaborates. "Their incomes, on the other hand, rose at an annual rate of only $110 billion. And for the 12 months ending in April of this year, $5.9 dollars of debt was added for every $1 of growth in GDP." ]