Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (6582)	8/3/2001 2:22:52 PM
From: smolejv@gmx.net	Read Replies (3) of 74559

Hi Jay, thanks - some additional comments >>Banks suffer<< - because their portfolio starts to tilt with everybody trying to save and nobody ready to borrow >>...folks buy less<<, because "I dont want it that much - yet" - a different, not yet known kind of consumer behaviour, fought against with price concessions... It's the fear fighting the greed and the poor item's price trying to intervene. >>The FED is correct<< - because in case US consumption drops significantly the world would turn into one giant Shinto shrine. Which brings up an honest, stupid, blue-eyed question - do we really have to consume, to be productive, happy, fullfilled, to do our part in this world? DJ must be already in a terminal phase, harhar. The question will of course cross your mind :"why the hell do you ask?..." I wished somebody tell me a nice, vivid, ghastly horror story - so I could then look out at my garden and say:"he REALLY knew how to raise hair on my neck (sg)". dj

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