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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (882)	9/19/2003 7:12:09 PM
From: Box-By-The-Riviera™	Respond to of 110194

yeah, snooze. so what are you followers supposed to do with that rather obvious reading? just be happy you read it? what use does it have? guide us oh maestro?

To: Jim Willie CB who wrote (882)	9/19/2003 8:46:56 PM
From: mishedlo	Respond to of 110194

Household Borrowing Its a new paradigm It does not matter Borrow and Spend There is no alternative northerntrust.com

To: Jim Willie CB who wrote (882)	9/19/2003 10:19:41 PM
From: mishedlo	Respond to of 110194

Here's an article from Asiatimes: As long as fiscal deficits continue to increase and erode savings and investment, there is no possibility of creating new jobs to significantly reduce unemployment. In addition to the increasing large fiscal deficits, unemployment, slow economic growth and falling living standards, other problems are hovering. One is in the form of the fall in federal revenues. Usually, with yearly growth, however small, revenues also continue to grow every year. But the war adventures of the Bush administration have reversed this historic trend. In 2003, federal revenues are expected to fall to as far back as the 45-year-old level. The forecast is that the American economy will regress to the level of the 34th American president, Dwight D Eisenhower (1953-61). Federal revenues include a variety of sources of income, one of them tax revenue. If only tax revenue is compared, it is going to fall to about the 60-year-old level of 1943. The present state of social security is such that one third of the dollars in this account have to be borrowed from outside, as internal revenues are not sufficient to cover costs. This is the largest share of deficit-financed spending in the past 50 years. This deficit spending is forecast to increase $400 billion by 2008. If no cuts are made in social security, medicare, defense and debt service, government spending on everything else - from education to homeland security - would have to be slashed by more than 80 percent to restore budgetary balance. The United States is in for a rough ride. atimes.com