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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: elmatador who wrote (26274)12/18/2002 12:06:39 PM
From: AC Flyer  Read Replies (1) of 74559
 
>>OK everyone agrees: Bust is here. Now what?<<

You must mean "Brazilian bust is here," elmat, because there is no bust in the US. On the contrary, in the US we have:
1. Slow recovery from mild recession.
2. Very moderate unemployment - the lowest level of unemployment (~6%) at this point in the economic cycle for a very long time.
3. Robust increases in real incomes.
4. Negligible inflation.
5. High productivity.

Within the big picture, the telecomm & high tech sector is suffering badly, and laid-off workers in this sector could be forgiven for feeling that the US economy is in a bust, but the plain fact is that it is not.

As to what you should do - I for one would not take Jay's side of the wager offered to him for an all expenses-paid South Pacific vacation that the DOW will be lower at year-end 2003 than at year-end 2002.
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