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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (25573)	11/19/2002 10:32:09 PM
From: elmatador	Respond to of 74559

Thread reflexology J was getting is: A method of massage that relieves nervous tension through the application of finger pressure, especially to the feet.

To: TobagoJack who wrote (25573)	11/19/2002 11:47:52 PM
From: Maurice Winn	Respond to of 74559

Jay, thanks for the giblet warning. I have been thinking the same for the best part of a year now [in regard to US$]. I'm looking for the hills. I refuse to go Aztec. Maybe I should buy a farm in NZ and grow lots of stuff on it. But at US50c to the Kiwi$, Uncle Al's money isn't grossly over-valued. Or maybe I'll buy something in Oz. Heck, Japan might even be a good thing to buy; KDDI, Toyota or something. So many Japanese are wondering what the heck to buy with all their loot that it would be an odd thing if there is a bargain in Japan. Hong Kong has got cheaper, but there are plenty of local yokels looking for opportunity [or so I hear]. I'm heavily invested in China, [via QUALCOMM], so that's covered. I guess I'd better take a look around my back yard. I no longer have Kiwi cash, having converted that to RoamAD shares [a somewhat daring/foolhardly gamble on a startup]. QCOM is likely to revert to nearer the official Au exchange rate [along with the rest of the share market] in the short run. In the long run, they still have great prospects so I'll wait. That leaves too many US$. Maybe another tranche of Kiwi$ would be sensible. I think I'll compromise with a nice cup of tea and sort it out another day. It would be a shame to buy some silly Kiwi farm to then find QUALCOMM on sale at US$20 or even $10 and me with depleted purchasing power. Mqurice

To: TobagoJack who wrote (25573)	11/21/2002 12:49:00 AM
From: elmatador	Respond to of 74559

"...there is a growing recognition that the UK has financial imbalances of its own. Household debt has reached an imposing 111 per cent of annual disposable income. Even at the end of the exuberant 1980s this reached a peak of just 95 per cent. Borrowing is now financing 10 per cent of all consumer spending, a figure only surpassed in 1988. There was worrying evidence yesterday that households were continuing to withdraw equity from their houses. Remortgaging rose by 22 per cent to a record £8.9bn in October, accounting for 43 per cent of mortgage lending, according to the Council of Mortgage Lenders. "The UK's outperformance does not mean very much if it turns out to be unsustainable," said Mr Meggyesi. Ray Attrill, director of research at the economic consultancy 4Cast, said that the importance of the housing market over the coming year was hard to exaggerate. "Housing will be far and away the biggest uncertainty for the UK economy next year," he said. "This great imponderable is starting to worry many in the market." Figures from Rightmove, the property web site, suggest that the property market may have started to ease in November, led by a fall in some areas of London. On Wednesday, the pound eased lower against the dollar from $1.5805 to $1.5707. Looks like a candidate to be toppled pretty soon!