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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Hawkmoon who wrote (5413)6/27/2001 11:31:47 PM
From: TobagoJack  Read Replies (1) of 74559
 
Hi Ron, <<corporate America ... start spending>>

is possibly difficult due to:

(1) weakening (tech) demand
(2) excess capacity (tech)
(3) still high inventory
(4) unemployment may lower demand (tech, auto, homes, appliances, services) further
(5) economy and capex is not driven by rates alone

and I suspect the corporate chiefs are aware of the dangers by the way they are swinging the axe in the dark and whisling the whisle pass the graveyard.

OT: One observation from my power clients is that, oddly, their intended power (infrastructure) investments in California, which can mitigate the downturn to a certain extent, are actually put on hold by the clients, pending clarity on the legislative front.

I will stay positioned thus ... and suffer the pain a bit longer:

Message 15999810

Chugs, Jay
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