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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (43767)	12/12/2008 4:36:33 AM
From: energyplay	Respond to of 217802

If the auto industry does not get a bailout...you can expect the savings rate to accelerate. Plan on +10% by the end of January. There is a good chance the BUSH administration will jump in and use TARP funds. I expect that when/if the first of the Big 3 files BK, it will be like when the Challenger Space Shuttle exploded - Business just stopped. Christmas gift buying will be effectively canceled.

To: TobagoJack who wrote (43767)	12/12/2008 6:16:12 AM
From: KyrosL	Read Replies (1) \| Respond to of 217802

Interesting comments. I mostly agree, but I wonder if China's policy response will be fast enough. The comments on American savings are interesting, but a bit late. The writing was on the wall two months ago: Message 25079184 American savings, however, will not go up as fast as these initial rates of increase imply. I think they will be up to around mid to high single digits by the end of 2009. Still enough to virtually eliminate the US balance of payment deficit in a couple of years. I wonder who will then be the world's consumer of last resort to absorb all the Asian surpluses.