Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: jim black who wrote (4325)	6/6/2001 12:08:17 AM
From: LLCF	Read Replies (1) of 74559

<, William Greider argues in his book, "One World Ready or Not," in a very compelling way that world economic woes will spring rather from the notion and indeed the model, the paradigm, to borrow an overused word, that the US is the consumer of LAST resort, and when we have borrowed ourselves and our businesses to that point we can simply borrow no more, then we have a depression. > No data to support such a claim... so it can't happen! <VBG> Sounds interesting. dAK

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