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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (79198)11/16/2000 11:04:44 AM
From: seminole  Read Replies (2) of 95453
 
Recession, maybe but

<<< I'd imagine a recession will arrive the same way - into the face of denial, supported clearly by numerous indicators & economic stats; but ignored, spun and continually denied by many as just a temporary contraction in a bigger expansion.>>>

By definition a recession is a contraction of two or more quarters. For buy and hold positions in good companies 2-3 quarters is a temporary contraction. (For traders and market timers, a month is an eternity.)

<<< How about a credit tapped-out consumer who has a "negative" savings rate >>>>

This negative savings rate government stat never goes away.
Twenty years and still negative. People use credit cards, use the float on the cards and do not save at banks anymore these consumer trends distort the savings rate stat. People invest in retirement accounts, real property, brokerage accounts. I have had a negative savings rate for 15 years, big deal, not tapped out.
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