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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: isopatch who wrote (25953)12/13/2001 9:51:35 AM
From: Paul Shread  Read Replies (3) of 52237
 
The one line economists and other shills need to lose this time around: "Job cuts are a lagging indicator."

Considering that consumers with record debt are the only thing holding this house of cards up, job cuts could be just the start of the next big wave down for the economy. A decline in consumer spending is what usually starts recessions, at least in the postwar era.

I don't think Kasriel knows which end is up this time around. He's been arguing both sides with great conviction. -g-

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