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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (34964)	5/23/2000 9:08:00 PM
From: pater tenebrarum	Respond to of 42523

KL, certainly an argument worthy of consideration. but note that even so, the US has also seen periods during which the savings rate rose sharply from depressed levels. invariably those coincided with bear markets and recessions. it is not as if NOTHING can stop the US consumer, especially with household debt at a record level vs. disposable income. but i agree that the mentality of the US consumer, the overall more positive attitude makes it likely that a recovery will be easier to achieve. this is not a certainty engraved in stone however. i guess it depends on the severity of the slump when it comes. it is after all not unthinkable that a period during which everything that could go right actually did go right, could be replaced by a period during which everything that can go wrong will actually go wrong.