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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (4606)	3/19/1999 9:17:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 81957

Concerning debt and how it can affect us... The first bubble is a rising trade deficit. The trade deficit soared 53% last year and has prompted protectionist pressures in Congress. It was tit-for-tat protectionism that helped trigger the Depression in the 1930's. The second bubble is an inflated stock market. The steep rise in the Dow has been fueled by an influx of cash from foreign investors. The value of all stocks listed on the New York Stock Exchange now amounts to more than 125% of total US economic output. The previous record was 87% of gross domestic product in 1929, just before the stock market crash. The third bubble is booming consumer borrowing. The Federal Reserve said that consumer borrowing climbed $14.7 billion in January, the biggest increase in more than three years. And personal savings rate fell to 0.5% of income last year, the lowest level since 1933. blanchardonline.com 2 out of 3 directly related to debt