<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=Content-Type content="text/html; charset=iso-8859-1"> <META content="MSHTML 5.50.4611.1300" name=GENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=#ffffff> <DIV><FONT face=Arial size=2>Whats peoples thoughts for the prognosis of the intermediate term of the economy.</FONT></DIV> <DIV><FONT face=Arial size=2>Is the 70% drop in the NASDAQ due to a economic bursting bursting or do they mirror some more important long term </FONT><FONT face=Arial size=2>secular trend.   Is the accumulated levels of consumer debt necessitating forced savings and   </FONT><FONT face=Arial size=2>is this causing considerable problems on the demand end of the economy?</FONT></DIV> <DIV><FONT face=Arial size=2>Has the redistribution of wealth upward starved spending in the economy and are we going back to the usual pattern of more money for the top 1%, stagnation for everyone else.  Is foreign investment</FONT></DIV> <DIV><FONT face=Arial size=2>drying up because of better opportunities elesewhere producing considerable capital outflows?   I</FONT></DIV> <DIV><FONT face=Arial size=2>Is the high real interest rates starving investment?   What are the positive economic signs in the</FONT></DIV> <DIV><FONT face=Arial size=2>intermediate term for preconditions for meliorating the skewed distribution of wealth or the </FONT></DIV> <DIV><FONT face=Arial size=2>immanent decline into recession.</FONT></DIV> <DIV><FONT face=Arial size=2>                        --mike</FONT></DIV></BODY></HTML>