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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (40040)	8/8/2001 11:25:08 AM
From: Jim Willie CB	Read Replies (1) of 65232

consumer credit is tied closely with spending this is what I expect to gather steam downhill as layoffs mount, so does spending shrink I know of two layoffs among friends now but really big layoffs at two companies where friends work mainly LUcent and EMC-squared I suggest they remove the "squared" and be officially EMC that would be a great cutback the 2ndHalf Recovery could easily be marred by spending cutbacks from households I am doing my part got another Eddie Bauer $15 coupon gonna buy a golf shirt for $5 net I really dont think the tax cuts will do much for spending paying down credit cards might be the biggest impact / jim

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