Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Snowshoe who wrote (21912)	8/1/2002 4:48:24 AM
From: smolejv@gmx.net	Read Replies (1) of 74559

>>but it would be nice to avoid all that fuss and bother by reducing our imports. << I dont know what's the proportion of energy in US imports. I just feel that the majority of the consumers would feel it like an affront to be asked or cajoled to move to fuel-efficient cars - "You mean, I cant afford it anymore? Watch me!" In any case the level of imports seems to be unsustainable, so a decrease is in the books, I just dont know on what time scale and in what fashion (boom or bust;?). Of course the reduction in the current account deficit maps pretty much 100% into a significant decrease in consumer spending. With app 70% of US GDP being the achievement of the consuming J6P, a decrease in consumer spending means a drop in GDP (and I mean drop, not a drop in the growth rate). I will not bnring up any R-words at this point. In any case, I dont see any alternative to this scenario. Any ideas? dj

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