Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (6167)	7/22/2001 12:37:02 PM
From: Ilaine	Read Replies (2) of 74559

Very interesting article, Jay. I was intrigued by the argument that deducting exports from GDP and adding imports would give a truer picture of the economy. Not sure whether that's an accurate argument, or whether it's colored by the fact that the writer lives in an exporting nation. As long as the American consumer has money, there will always be plenty to consume. Friday on National Public Radio there was a survey of Americans all across America, asking them what they would do with their imminent tax refund. A few said save it, some said spend it on bills, one fellow said he would go to the clubs and spend it partying, and one lady, a true American, said that she would spend it, of course, but it wasn't enough for her to buy what she wanted to buy. She began to list all the things she wanted. First, she wanted to remodel her kitchen so that it had a center island (very chic). She wanted to take a vacation. She wanted a new washer and drier. She wanted new curtains and new carpet. She wanted a new wardrobe. She wanted . . . . the sound was tapered down, but I have no doubt that somewhere that woman is still listing her wants.

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