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

To: Chip McVickar who wrote (34631)	11/30/1998 11:56:00 PM
From: Step1	Read Replies (1) \| Respond to of 94695

Chip, thx for the well thought of response I posted a fairly short and crude quote of the article I was referring to . I think it might have needed some extra contextual commments to be more on target. While I certainly did not want to say that solely the US is responsible for environmental folly, here is a truly global problem with repercussions far greater than a market melt down, although with some degree of certitude we can expect it to be gradual. Gradual degradation of the environment and our life support system... Anyway, I quoted the article in order to elicit some reaction and comments as to roughly which point the US consumers, workers or households (be they as you might want to call or count them) are extended. If I am not mistaken, the negative saving rate reported for the month of October means that A) people are spending all the available earnings or B) some of the money people might put into savings ( I guess they have a fairly narrow definition of savings) may actually be going into the stock market, therefore while not an actual expense, it is not "saved" and contrary to hard cash held in savings account, may depreciate ... at a fast pace. Am I right on this one? While I find it hard to believe that a majority of the population would be only 2 pay cheques away from homelessness, a very possible scenario in the event of a recession, is massive default on consumer debt (retail banking, credit cards etc...), losing equity in order to refinance excessive spending or increased bankruptcies... Chip, we have met a number of time on the Japan thread as well I think. Yours Sincerely, Stephan Gilbert