On Monday 02 October 2006 16:12, Stephen the Cook wrote: > Michael Madigan <> wrote: > > Fix the economy? Record low unemployment, record home ownership, > > near-record high stock market? What's there to fix? > > Wow, the stability of all that you mentioned is questionable. > > Unemployment is not a record low, it's just aged out a lot of people they > are no longer giving support to. There was a posting of 60 pt jobs in our > school district and over 600 people applied for them. It shows that people > want to work, they just can't find a place. > > Home ownership? Those record high prices are going to suck when the fancy > financing turns sour. Interest only loans for the first few years, are > going to suck when the true cost of home ownership kicks in. > > Record high stocks are great for the rich who have it going properly. A > pure WAG but that is probably 35% of the population. That leaves 65% > exposed. Even if it's 40/60 that is still massive exposure.
Hi Stephen! My WAG of the rich is 2%, not 35 or 40%. But WAG is WAG after all. Regards, Pete _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
