To: accountclosed who wrote (31930 ) 4/9/1999 9:00:00 AM From: Cynic 2005 Read Replies (2) | Respond to
<<what's your take on this hs market? >>Let's back up some of those claims with data from his most recent report. GDP was $8.254 trillion in the fourth-quarter 1997 and $8.680 trillion in the fourth-quarter 1998, meaning nominal growth was $426 billion. Non-financial debt outstanding was $15.178 trillion at the end of Q4 1997, and $16.12 trillion at the end of Q4 '98, for growth of $951 billion. Financial debt was $5.453 trillion at the end of Q4 '97 and $6.569 trillion at the end of Q4 '98, for growth of $1.116 trillion. So together, non-financial and financial institution debt grew by $2.067 trillion. And that's how much debt was necessary to create an increase in GDP of $426 billion. Don't worry, be happy... Ed Hyman was wondering if there was too much complacency, so he did a survey. He polled institutional investors and asked if Kosovo would be negative for markets, and 100 percent said no. When asked if Y2K would be negative for markets, 100 percent said no, and when asked if there would be a financial crisis this year, 85 percent said no. So there you go. Everyone thinks that nothing possibly could go wrong.
