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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: hdl who wrote (140157)12/23/2001 11:19:32 PM
From: Earlie  Read Replies (1) of 436258
 
HDL:

Your arguments make little sense to me.

N. American Corporations are watching both revenues and profits plunge. Most are laying off workers at an accelerating rate. Unemployed folks don't borrow or buy much hence as their numbers increase, the impact of their woeful state just adds to the drag on the system.

Most of the rest of the globe has only one serious customer for their wares and that is the U.S. consumer. As this source of sales wilts (and it is), so too will their revenues and profits. This is not the stuff of which a new round of global expansion is made.

Best, Earlie
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