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

To: GraceZ who wrote (270)	4/19/2003 5:47:16 PM
From: mishedlo	Read Replies (1) \| Respond to of 4914

Debt is a self correcting problem. What are you saying that people have too much debt to work? How is debt self correcting? Especially when there are increased layoffs, reduced benefits, and prices of important things (medical expenses, property taxes, home insurance, auto insurance, energy costs, etc increasing) The only way debt is self correcting is: higher paying and better jobs, more savings, bankruptcies. If jobs is the answer where are they coming from? If saving is the answer what lines of business will be expanding if people stop buying and start paying off debt? Again, no matter how you toss and turn debt is a huge problem. No I am not saying people have too much debt to work, I am saying they have too much debt to not work and layoffs are increasing! As for plunger, he stayed in his bond and currency plays from start to end. In my mind recognizing the trend and staying with it for the entire 11 rate cuts or whatever we had makes him a pretty bright guy IMO as I know of no others that have done that (especially with levereaged futures). The bond plays are nearly gone but he is now in currency and gold plays. M