| I now am concerned that the interest rate hikes are just now beginning to show the delayed effect they have on the economy. the grinding effect shows up across the board, in many ways, delayed purchases, pysche damage, unsure about the future. I now expect the retail businesses to continue to show reduced revenues, autos will suffer, sales in general, the driving force of the business world, will continue to decline..like turning a ship, it is now beginning to turn. and greenspan can now rejoice, he has blunted the economy! as stocks continue to fall, it destroys the wealth feeling of people, even the ones not involved, for they know the end effect will be, and soon layoffs start!. IMO |
