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To: Mark Adams who wrote (232159)3/29/2003 4:51:45 PM
From: orkrious  Read Replies (1) | Respond to of 436258
 
It may be that enough balance sheet repair is already in place

what balance sheet repair had there been? a few large companies (enron, wcom, ual) filing bankruptcy? there certainly has been so consumer balance sheet repair. if anything it has gotten worse.



To: Mark Adams who wrote (232159)3/29/2003 5:07:54 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 436258
 
Mark,

How are you doing?

>>I'd say from a chaos theory perspective, it could go either way.

This has been my problem for a while now. Are we going to enter a debt deflationary environment or is the Central Banker going to be successful and keep inflation alive and transfer the wealth from savers to debtors. IMO, with the interest rates where they are now and what we are seeing in infation and the devaluation of the US dollar the Central Banker has been successful in the short term.

We as investors (savers) must make decisions where to put our capital so the results of the Fed's games do not allow our assets to be transferred.