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Politics : High Tolerance Plasticity

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To: kodiak_bull who wrote (1016)	3/6/2001 11:34:21 AM
From: excardog	Read Replies (2) of 23153

kb and others Just throwing out an idea here but what if it's just the IT sector that is in recession. Let's say it's a similar to the oil patch recession of 97 98 and 99. In the oil patch recession other parts of the economy continued to hum right along. Could the same thing occur with an IT recession? Could other parts of our economy keep clicking? Is our economy so large now and diversified that rather than an overall recession it becomes more sector oriented? Does IT spending account for that much of our gross domestic product? PC spending? It would seem to me that housing and auto spending would account for most of the consumer dollars. So when you throw increased energy costs on top of those dollars it would seem to me it's more of a shifting of consumer spending than a complete halt. You sacrifice one thing in order to pay for your higher heating bills and gasoline costs. Transfer of wealth so to speak. All companies and their employees sending more dollars to the energy side. Less to the tech side. Just thinking fell free to flame.

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