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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Step1 who wrote (34596)	11/30/1998 1:38:00 AM
From: Moominoid	Respond to of 94695

" the majority of people in America are two pay cheques away from homelessness" The median net worth in the US isn't much more than $US1000 as per a recent article in the Journal of Economic Perspectives. David

To: Step1 who wrote (34596)	11/30/1998 2:09:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 94695

Stephen, There is no "real measure" to factually know whether the US financial dynamics is technically about to collapse. The perspectives of some individuals and their rhetoric could seem convincing. Some statistics and facts do point in that direction.....i.e.: 2 wage earners are now needed to meet the daily demands of maintaining a middle class life style and the less fortunate are not meeting those demands comfortably even with 2 earners at poverty level wages. Also....just published is a study that shows Americans are -2% below their wage and savings levels for the year. A estimate that points towards the fact that many are borrowing more then they are earn too keep ahead or invest in the stock market. [just 2 examples] There are many other such statistics and studies to draw upon. But keep in mind these figures and any others that might come to your attention are “in and of themselves” not indicators that the USA's system of monetary balances is about to crumble. This is not the case. Our economy is stronge and the future demand for what we produce and provide is also very stronge world wide. That is not to say the worlds financial systems cannot implode from over leverage or that unforeseen events like LTCM won't stress the USA system, but it is not about to collapse. Bio-regionalism and environmental disfunctioning happens all over the world of industrial man. Russia has one of the worst possible records in environmental protection. Whether we follow Russia into chaos will not be determined by the "mess" our own habits and needs have made of our environment. But there is plenty of evidence that the "Rate of Burn" of the earths natural resources cannot be kept up indefinately and new sources of energy and waste disposal need to be invented and forced on the governmental burocracies. This thread is a wonderful example of sharing information and intuitions about the future of financial instruments....maybe the diversity here will alert all of its readers to the potential Big Kahuna Down Wave before it comes..? Good Luck Chip on