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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (64836)	8/4/2002 1:37:18 PM
From: DebtBomb	Read Replies (1) \| Respond to of 208838

"People feel like gasoline has been dumped on the floor and it wouldn't take much to ignite it," said James Glassman, senior U.S. economist at J.P. Morgan Chase. Market stress pressures U.S. economy and Fed biz.yahoo.com

To: SusieQ1065 who wrote (64836)	8/4/2002 3:08:37 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 208838

This would prompt an entirely new round of refinancing and new home loans and make saving practically worthless. With money market accounts earning interest below the inflation rate consumers would be prodded to spend or invest the money instead of let is sit. The hope would be to stimulate another wave of consumers withdrawing equity from real estate and seeing that money begin to circulate instead of being tied up in property. Great! Just what we need! Give more people more reason to pile on more debt!