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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: DebtBomb who wrote (59809)5/1/2002 1:23:31 PM
From: Zeev Hed  Read Replies (1) of 99280
 
Na, I don't think the consumer recession will be particularly severe, there is still a lot of momentum out there, the following recession (probably just before the end of 2004) might be worse, much worse, but that is quite early for such an assessment, it is more based on the very broad observation that after a long prosperity the first relapse is not very severe (economically, not the equity side), subsequent relapses start to engrain conservatism in the consumer and that make subsequent relapses more severe, IMTO.

Zeev
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