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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Roads End who wrote (259745)9/10/2003 1:46:59 PM
From: ild  Read Replies (1) of 436258
 
<<<shouldn't CI have also pointed out that without rising wages corporate debt could be more easily serviced? >>>
Probably. But IMO it won't save them anyway.

I see next downturn to be consumer-led. Consumers are squeezed by raising prices and stagnant wages. If consumers retrench the whole hell will break loose.
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