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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Simba who wrote (136420)11/30/2001 5:54:22 AM
From: Oblomov  Read Replies (1) of 436258
 
J6P doesn't hold stocks as a significant % of assets. Make housing prices rise by 8%, and some form of recovery is assured. But, stimulating housing inflation is not the way to have a healthy post-recession economy.

Why is everyone so eager to see a "recovery", anyway? We are just starting to see the junk get washed out of the economy (e.g. Enron). This is a good thing - nothing like a spell of "destructive destruction" to cure the ills caused by the "creative destruction" that went before. Even if I lose my job in the midst of this recession, I'll believe that the process itself is a good thing. Something tells me that Al and his clown posse won't be satisfied with even 0.5% y-o-y growth, however...
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