Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ramsey Su who wrote (34852)	6/11/2003 5:17:39 AM
From: LLCF	Read Replies (1) of 74559

< Once rates stabilize or go up, all refinancing activities will stop. What is that going to do to unemployment? > I would love to know the answer to those types of questions.... The economy is ever more the 'service' economy; service of what? What about similar sectors to what you sight? It's been said that the financial sector is by far the largest user of tech for instance... what if this latest bounce in the stock market doesn't hold, what does another bout of profit implosion do to unemployment in finance [another bloated sector], and to tech? Where does the current profit implosion in auto's and airtravel end, and how many more jobs to be lost there by "dead airlines flying" and the auto business, and what ramifications to all the 'support industries'??? Overall, is the economy more or less resilient to a continued downturn than in the last real recession over 20 years ago? DAK

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