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To: Oblomov who wrote (72821)10/29/1999 3:26:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 86076
 
Andrew, it could be...consider the 12% decline in home sales. like i have conjectured earlier, the bottom could all of a sudden fall out of the economy, similar to '29. both households and corporations have a record high level of debt to contend with...both in absolute and relative terms. it could be that the recent downturn in consumer confidence results in a collective belt tightening out of the blue. that would sure surprise everyone, wouldn't it?