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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Mark Adams who wrote (63792)2/1/2001 3:29:29 AM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
Mark: Fine read! The fact that productivity ALWAYS declines at the end of an expansion has been downplayed to the point of invisibility in the popular media. As Roach says, "With layoffs now mounting and capital spending in serious retreat, the cyclical lessons of the past ring painfully true today."

When these lessons become generally acknowledged, the 3rd stage of the bear will begin...
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