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To: GST who wrote (120013)	3/10/2001 3:52:25 PM
From: Mark Fowler	Respond to of 164685

Gst European Common Market i think will be the next powerful economic force in the world, Japan's economy will never recover to it's height again. Now the US economy could be next if we lose the tech sector which has been a big part of our GDP, approx 1/3 . The Boom in IT spending has basically stopped and the full effects of this have not been seen yet in the US economy, compound this with higher energy costs caused by a depletion and dependence on fossil fuels, the stock market crash, Consumer confidence and spending declining, a negative savings rate, high taxes, the US dollar in decline and trade imbalances, all could mean big economic problems here in the US. A storm is brewing here and These trends are very alarming! I'm not sure anyone really knows what the effects of all this will be for the US, in the long run. This slow down could go much deeper and last much longer than most think.