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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Ilaine who wrote (3548)5/10/2001 2:56:38 PM
From: Mike M2  Read Replies (2) of 74559
 
CB, I don't expect the US economy will perform as well with a prolonged decline in the stock market like Japan has suffered. At some point the absence of the wealth effect from the US stock market will cause a rise in the savings rate and a decline in consumption. mike
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