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To: Earlie who wrote (244979)	6/11/2003 7:22:58 AM
From: Giordano Bruno	Respond to of 436258

Earlie, we smoked the infamous 1992 deficit by 110 billion. Perhaps it's a 12 step recovery. -g-

To: Earlie who wrote (244979)	6/11/2003 7:36:35 AM
From: Alias Shrugged	Read Replies (2) \| Respond to of 436258

Earlie You would think that long list of conditions would be a negative for the economy, but I am assured and reassured daily by the Media, Wall Street, US Govt and especially the Fed that the economy is about to begin starting to commence to show signs of wanting to exhibit the first inklings of recovery. Hey, that's all I need to know. BUY!! We were in a bit of a soft patch, but all the analysts are now saying that reported results weren't nearly as horrible as expected. God Bless America

To: Earlie who wrote (244979)	6/11/2003 7:52:23 AM
From: Mike da bear	Read Replies (1) \| Respond to of 436258

Buy bonds too! Thinking about bonds, I think the Fed will continue to jawbone or, if necessary, start buying bonds to keep interest rates declining. The mortgage industry is one of the very few hiring people these days. If interest rates start to ratchet up then 90% of their business will dry up... resulting in massive layoffs. I wouldn't be surprised to see 500,000 layoffs over a 3 month period if the industry felt interest rates had bottomed and refi's would fall off a cliff. mdb