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From: | "G Stolwyk" <stolwyk@wave.co.nz> |
Date: | Sun, 17 Jun 2001 11:11:26 +1200 |
Peter,
Your latest post is sobering reading
indeed!
The US hopes that the consumers will give time to
the producer to adjust! Another reason for lowering interest rates.
There is also " another way out ": Foreign
companies, particularly the Germans, to take over debt laden US companies! The
present generation ' selling out ' the ones to come!
It merely shows that an economic war is far
more severe than a physical one. Snoopy made some reference to
this!
Unfortunately, we are dealing with realities
and so is the investor!
At this stage it seems that once
unemployment levels start rising in the US, the unravelling will
be speeded up. That is why the economists are waiting for the 'grand entree' of
Alan Greenspan, this week! What will he cook up, this
time?
What are your latest data on NZ private debt
levels? We know that the situation in Australia is not that good
either!
As far as the investor is concerned, he/she
may come to the conclusion that debt collecting companies
are attractive to invest in!
What do others say?
Gerry
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