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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: dvdw© who wrote (15489)12/11/2002 9:22:17 AM
From: Steve Lee  Read Replies (1) | Respond to of 19219
 
It's not an adjustment. It's 10 Trillion dollars of wealth wiped out that people are having to adjust to by cutting back on spending. Some of the wealth shortfall has been made up for by borrowing so far. But now the country is all refi'd out.



To: dvdw© who wrote (15489)12/11/2002 9:54:06 AM
From: High-Tech East  Read Replies (1) | Respond to of 19219
 
<<Ken I saw your main man on CNBC this AM>>

... which one? ... Dave Brubeck, Miles Davis or Thelonious Monk ... <g>



To: dvdw© who wrote (15489)12/11/2002 10:03:24 AM
From: High-Tech East  Read Replies (1) | Respond to of 19219
 
<<It's preposterous Ken>>

... preposterous: contrary to nature, reason or common sense ... no no no no - I'm just a dumbass, "Al-yen" Greenspan is preposterous ... <g>



To: dvdw© who wrote (15489)12/11/2002 1:37:48 PM
From: Lizzie Tudor  Respond to of 19219
 
dvdw- agree completely

Steven Roach makes comments like this too from time to time, its amazing to me.

The US economy of the 70s was not competitive on a global scale and needed a complete overhaul from unions to tax rates to artificial lifetime employment. Other economies which were productive (Japan) flourished in the 70s.
Lizzie

edit- ah I see you also made the Roach connection