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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.63

+3.0%

Dec 19 4:00 PM EST

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To: Giraffe who wrote (17033)	8/31/1998 11:55:00 AM
From: Enigma	Read Replies (2) of 116818

Do you know who Mark Zandi is? It seems that the one thing he leaves out viz a viz the US economic expansion is the question of consumer confidence continuing through all this mahem. Of course Main Street could continue to be divorced from Wall Street - but you have to wonder. One of the first things to suffer in a severe downturn IMO would be construction on new homes, because people with investments in whatever form will feel less like going out on a limb. Too many commentators seem to think of the US as an island unto itself, and look at the effects of all this in terms of fractional reductions in GDP growth. Whether we're in the middle of a crash or a drag out like 73/4 we don't know yet. If the Fed eases and it doesn't work, and it won't for long IMO - look out. E

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