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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Zakrosian who wrote (10913)2/8/2001 9:38:45 AM
From: Zeev Hed  Respond to of 30051
 
He forgets another major and critical difference, "the security net", then when people got laid off, their demand dropped drastically, eventually causing a spiralling down end demand, today, there are in place systems like unemployment benefits and social secutity payments that put a safety net under the demand side of the equation.

Zeev