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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: iod_sherwood who wrote (73846)	4/2/2001 9:42:49 AM
From: Lee	Respond to of 99985

The firming of the economy we are seeing is financed by a continued increase in consumer credit as our consumers enter a period of denial about the $4 trillion in lost wealth due to our equity contraction. Assuming flat equities and that consumers save 5% from income (vs < 0% now) that amounts to 3.5% from GDP. Lose another 1.5% from the drop in investment spending and we have a real tough slow down. I agree, a recession will take some huge lay off numbers. We have yet to see those figures.