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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (209)	4/17/2003 4:52:58 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 4907

the first depression is with corporate earnings bear in mind that Naz100 has no PE, since it has no earnings that is an earnings depression in spades with proper accounting, the S&P for 2002 was 60% lower in earnings than reported, after figuring in options and pensions, which are real enough, I would say since S&P earnings have thus come down about 75%, I would call them depressed by any loose criterion the next for depression will be US households they are shaken so far, soon to be stirred by more rampant unemployment mfg capacity utilization is below all recession levels since WW2 it is around 74.8% last I heard I would call that rate flirting with depression when my finances turned sour in 2000 from the tech crash, I can assure you that the depression was very much psychological it mimicked perfectly my finances I suspect the same will be true with our citizenry anyone not owning a home, coming from middle class or lower middle class, is likely near technical bankruptcy anyone owning a home for only a couple years and being young is likely suffering from the delusion of not being technically bankrupt, since they must only wait a couple years to watch their 3% downpayment home purchase turn into negative equity I know of several young middle class couples in lesser homes they are struggling, with some minor equity in their homes the ones with children are especially strapped they live paycheck to paycheck, in fear they are very close to bankrupt their expenses are rising every year you seem to want to sugarcoat the financial straits for Americans we have averted a depression in 2001-2002 by allowing a colossal amount of unbacked fiat dollars to be spewed into our economy, worsening debt levels to a very dangerous level the MZM has expanded in the last 28 months by 35% or so take out the added debt to sustain the economy built about our Temples of Overconsumption (shopping malls), and you very well might be seeing unemployment well above its current 9-10% in the USA I say 9-10% since I count people not working as unemployed unlike the USGovt their 5.8% rate is pct of population receiving unemployment insurance I was quoting Rostenko perhaps ask him for supporting data I dont have it / jim

To: GraceZ who wrote (209)	4/17/2003 7:01:24 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 4907

psych depression precedes the event don't you think? assuming SI pundits have a clue as to what may or may not be coming down the pike. serious question btw.