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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (2957)11/12/2000 6:16:07 PM
From: Glenn D. Rudolph  Respond to of 57684
 
Well let me ask you or Glenn, does this slowdown in spending have a recessionary feel to you? (gut feel question)


Liz,

My belief is yes. The combination of the rate hikes and the higher energy costs seem to slow consumer spending a lot and confidence. I do not believe Mr. Greenspan and planned on the energy prices going that high. My reference is the average income consumer.

Glenn