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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (53318)	7/22/2001 8:21:05 PM
From: Skeet Shipman	Read Replies (3) of 94695

Does consumer spending adjust to movements in wealth and income gradually over a period of quarters or within the span of about one quarter? The answer to this question could just tell us whether we will slip into recession later this year and next, or whether we will bottom in this quarter and return to our economic expansion next year. Of course, there are two opinions on this. ny.frb.org What do you think? I am considering the evidence. Skeet

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