Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: hdl who wrote (32999)	5/5/2003 12:13:07 AM
From: elmatador	of 74559

Why we are not on a recovery but still nosediving. lots of tough decisions and actions still necessary. No consolidation yet. Example: Telecoms ALA SI ERICY NEC NT LU. All of them still think that only cutting head count will keep them alive. No liquidations yet. Example Airlines. Only chapter eleven for a few months won't do. Total opening of skies. Ownership by foreigners. Demolition of government-sanctioned cartel IATA. No one is talking about that. POnly employees salaries deflation won't do. No junking yet of social-democracies'policies of welfare in Europe. Example: Germany going the way of Argentina by not cutting sate-distributivism. Banking sector ... 15 years to script to run through

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