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Strategies & Market Trends : Drillbits & Bottlerockets

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To: Original Mad Dog who wrote (1639)	1/24/2001 11:54:44 AM
From: MulhollandDrive	Read Replies (1) of 15481

Hi OMD, I totally agree with you on Chrysler. And the automotive industry in general. The reason I mentioned the Chrysler layoffs is because of the impact such layoffs could have on the overall economy. For example, everyone has heard about the dotcom layoffs and those have been almost universally blown off as just indicators of market excess. However, when you begin to see old line manufacturers begin significant layoffs, that sort of thing usually gets people's attention. People begin to worry about job security and tighten spending, which can create a ripple effect and set the operators of recession into motion, becoming somewhat of a self-fulling prophecy. Just as Greenspan believes it is his job to "stay ahead" of inflation, he may believe it's important for him preserve economic growth and stem the tide of any looming recession. I do say "may" because I'm doing a bit of "dawg" think here and I'm not totally convinced that AG doesn't believe "just a little" recession isn't necessarily bad for the economy. bp

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