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Non-Tech : Moguls Mantra to the Markets -- Ignore unavailable to you. Want to Upgrade?

To: $Mogul who wrote (217)	6/27/2005 12:25:45 PM
From: $Mogul	Read Replies (1) \| Respond to of 220

1. REAL ESTATE BUBBLE. Clues: Speculators driving prices. Lenders offer cheap money, short-term loans. Home-equity loans fund short-term spending. Fed chairman sees minimal froth. 2. Energy and oil bubble. Clues: Crude hits another record. Political turmoil in oil-producing nations. Consumers buy gas-guzzlers at record pace. GM, Ford in trouble. 3. Foreign-trade deficit. Clues: Monthly deficits top $50 billion. This year's deficit will beat 2004's $617 billion. Foreigners now own $2.5 trillion of America. 4. Federal-budget deficit. Clues: Federal debt now $7.8 trillion; add another $400 federal deficit this year. 5. Corporate pensions underfunded. Clues: Airlines, auto, other manufacturers heavily burdened, default to taxpayers. 6. Local government pensions deficits. Clues: A near $400 billion mess draining local taxpayer resources. 7. Weak U.S. dollar. Clues: Fear China and other foreign powers will replace dollar reserves. Warren Buffett now betting $20 billion on foreign-currency hedging. 8. Social Security deficit. Clues: No choice, cut benefits or raise taxes; politicians hate both, so it'll get worse. 9. Health-care costs. Clues: Burden shifting to employees. Costs above inflation. 43 million uninsured. 10. Medicare deficit. Clues: Going broke faster than Social Security. Prescription drug benefit added an unfunded $8.1 trillion. Long-term estimates over $36.6 trillion. 11. Personal-savings shortfall. Clues: We consume not save. National savings rate is zero, down from 8% two decades ago. Average household net worth less than $15,000, excluding home equity. 12. Consumer debt bubble. Clues: We're living beyond our means. Consumer debt at $2 trillion. At 13%, household interest as a percent of income is at all-time high. Personal bankruptcies rising. 13. War and defense deficit. Clues: Iraq and Afghanistan wars cost over $200 billion a year, $2 trillion a decade. 14. Homeland insecurity. Clues: Minimal legislation to protect ports and chemical plants. Federal budget even cut border patrol 90%. Vigilantes patrolling. 15. Class gap widening. Clues: Superrich and CEOs getting increasing share of wealth, ownership and tax cuts. 16. Congressional pork. Clues: Both parties act like teenage addicts on a spending spree with stolen credit cards. By not using the veto, the administration acts like a parent who needs Nanny 911. 17. International credibility. Clues: Image problems: Post-9/11 imperialism, WMDs, Abu Ghraib, Gitmo and more. 18. Junk mailings. Clues: Mail solicitations increasing for credit cards and hot stock newsletters. 19. New "Mad Money" cable show. Clues: Frantic, manic entertainment; 1990s irrational exuberance again. 20. Numerous key mini-bubbles. Environmental, resources, technology, educational, outsourcing, jobs, you pick!