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

To: isopatch who wrote (28076)	2/13/2003 9:08:13 AM
From: Jim Willie CB	Respond to of 36161

sports club guy not only thought Clinton taxes rescued economy but he thought debts now can be handled just as easily as from 20 yrs ago, and 10 yrs ago we agreed on the need to reflate the economy now but he thought it would be relatively easy so I cited a couple stats... 76% of GDP is devoted to debt service $4.5 trillion in new money supply since 1995 has generated an additional $1T in GDP household debt is now almost 110% of income he said he didnt believe the figures so I dont argue when people are uninformed and dont believe yes, I recall the Sumitomo deal with JPMorgan didnt think much about it at the time, but it was critical I dont exactly know where they came up with the money either not all Japanese banks are dead, but collectively, they sure are / jim