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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (10227)12/11/2002 3:27:41 PM
From: Jim Willie CB  Read Replies (2) of 89467
 
I wrote Frank Lechner an email asking about Real Estate
excellent article, but a bit simplistic
too much faith in the Feds working successfully off a script

for RE it all hinges upon job security and income now
Rich Russell expects the emphasis in 2003 to shift from low rates to greater job income insecurity
I agree bigtime
wait until the automobile sector layoffs hit in force
by next spring and summer, it will be a deluge
1/7-th of the US economy jobs come from car sector
rates are already at 0%, and the industry is stalling horribly

/ jim
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