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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: bill meehan who wrote (93811)4/13/2001 10:17:54 AM
From: Mike M2  Read Replies (1) of 436258
 
Bill, don't worry TV stars cannot be banned it's in the thread by laws -g-. I expect a steady deterioration of everything for the rest of the year and beyond. The disappearance of the wealth effect will hurt corporate profits and personal consumption. At some point the consumer will once again embrace the virtues of thrift, providence and industry ( Ben Franklin). They will spend less time trading paper and surfing the net after they have lost enough and begin to save once again. Many people underestimate the impact of low to negative savings rate had on economic activity - a return to more normal savings rate will be a blow to the economy. Mike
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