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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (3385)	9/20/2002 1:25:43 PM
From: Ahda	Read Replies (1) \| Respond to of 4051

I'm saying that the baloney analysts that are forecasting a total collapse of the real estate market are wrong. You are right but the debt factor i believe is by far too great in the mortgage industry. During other boom periods the debt was not totally held by this nations banks as it appears to be now. People refinance due to rates however the extent of refinancing I feel is way to vast in the exact areas that are representative of financial industry that in turn is experiencing a slow down. We are not in a period that could be considered one of refinance existing debt due to the lower rate whereby you decrease payments and increase cash flow. This is a period where equity is removed and the debt ratio increased. The financial industry is reducing its business investments, yet the demand for debt in the housing market increases. Future promise is in certain areas outshooting reality exactly as the dot coms did. Presently litigation pertaining to the clean up of the boom still keeps employment figures at a decent level. The clean up end will soon start to diminish. We lack new growth so we could very well be headed to another recession. I don't know who Bill Graham is. I do know accounting took on the guise of a theatrical performance. The actors presented the legal lines to the audience hoping to get the greatest acclaim. The entertainment industry can tell you it is the box office figures that count. The dollar flow has been vast so the Dow has received much of the surplus, theory being we all need basics no matter how basic it gets. Buffet is left with a question of can consumers consume enough to catch up with the value of a market that is still saturated with dollars that can't create value. All said from one mushy mind to another with respect.