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 (16945)	3/17/2002 9:17:55 PM
From: LLCF	Read Replies (2) of 74559

<Those are ordinary business cycles. Nothing catastrophic like you guys keep predicting. We've been having an ordinary recession for a while now.> You need to read it again: <It is preceded by a period in which debt climbs quickly in the hope that each new level of indebtedness will finally see the economy "turn around" and service the debt.> We've seen a weak economy and the INCREASING debt [last 2 years]... now we have to see if we've come out of it... although I'll admit, your "staples" anecdote is persuasive :) Let's wait a year and see.... OH, BTW, are you saying the worst is over AND it's time to buy stocks again??? Just trying to pin you down since you have a way of suddenly being 'right' <VBG> DAK

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