To: demlosers
Analysis:
Debt is Dumb, due to an overvalued dollar US GOvernments and US INDIVIDUALS have been overspending at record rates.
Dollar value will decline, raising interest rates and increase debt pay off and savings... leaving America in a much better position long term.
Right now the typical household in america saves at -2.2% of their income.... a shrinking of the availability of debt is NOT a bad thing.
9 posted on
11/16/2004 12:28:55 PM PST by
HamiltonJay
("You cannot strengthen the weak by weakening the strong.")
To: HamiltonJay
´Sums it up...
Producer prices are rocketing and a twin deficit lead to a recession before...
Can only get worse although American investments are fairly cheap at the moment I wouldn't consider them unless a turnaround in fiscal policy is in sight...
11 posted on
11/16/2004 12:36:42 PM PST by
sibbel
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