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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Ramsey Su who wrote (1788)	11/3/2003 1:21:50 PM
From: Crimson Ghost	Read Replies (1) of 110194

Note that in all previous recessions, sales of homes and consumer durables fell sharply, creating considerable pent-up demand to fuel a rebound. Plus savings were accumulated. But none of that has happened this time. Record breaking fiscal and monetary stimulus kept home and auto sales very strong throughout the "recession". So the pent-up consumer demand for durables that has fueled previous recoveries simply is not there. Business investment did take a big hit and looks poised for a more sustainable rebound. But such investment is not nearly sufficient to trigger a sustained recovery on its own.

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