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Pastimes : The Big Picture - Economics and Investing
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To: Crabbe who wrote (411)11/6/1997 10:52:00 AM
From: Arik T.G.  Read Replies (1) of 686
 
Rod,

Thanks for a thorough response.
I do see the point your'e making, but don't see how it is going to prevent the depression from happening. The supply side is great and getting better all the time, but a medium stock market "correction" of 30% can cut demand of the now so smug private borrowers (2nd mortgage and cards). The increasing productivity turns us all to services, and the now blooming stock market related services may lay off tens of thousands workers, not skilled for anything else but, maybe, used cars salesmanship (-g-), which, in itself, is already shifting to the internet.

ATG
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