Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: smolejv@gmx.net who wrote (6285)	7/26/2001 10:27:15 AM
From: TobagoJack	Read Replies (3) of 74559

Hi DJ, I just got on-line and was immediately confronted with the Alcatel announcement of 20k workers let go. 20k from Lucent, 15k from ABB, and now this. We will have armies of burger flippers in not too long a time. We will soon see just how different the world ex-Japan and Japan are actually different from each other, be it in banking health, interest rate, or populations' ability to cope with unemployment and deflation. Will the Alcatel workers be lining up outside Tiffany's, or vacation in Hawaii? If anything, I feel events are speeding up, as opposed to we are closing in on the bottom. I hope it is simply my imagination. Authoritarianism do have certain attributes that would be handy right about now. Chugs, Jay

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