Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (8952)	9/13/2001 11:56:17 AM
From: KyrosL	Read Replies (1) of 74559

I am going to stay in cash and bonds (my current position) and just watch. We are not even officially in a recession and the latest consumer confidence numbers, taken before the disaster, are sobering: biz.yahoo.com This guarantees a severe official recession as a minimum. A takeover of Congress by democrats in 2002 is now a certainty, IMO, a scary thought given their pronouncements about the economy. And I am completely unimpressed by Bush's demeanor. If it matches his leadership abilities, we are in deep trouble. Unlike WW II, this is not going to trigger massive deficit spending by the US. The situation is not even remotely comparable.

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