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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (8250)	9/5/2001 10:17:38 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

<<Not quite. Jay's Global Crossing bonds fell more than 10% since he bought them a few days ago>> Yup, I tossed two grenades into the dark basement where there was still some whispering, and one got tossed back in my face. Chugs, Jay

To: KyrosL who wrote (8250)	9/5/2001 10:38:11 PM
From: Ilaine	Read Replies (3) \| Respond to of 74559

>>If they cut their spending by about 4% on the average, the US goes into severe recession.<< Interesting. How does that happen? Seems like you're saying a decline in consumption is the trigger. How do you know it's not a decline in production? J6P both produces AND consumes. Which comes first? The old fashioned way of looking at it is that if you don't produce, you don't eat. Even in socialism-land, doesn't it really work that way? Someone has to produce, otherwise no one eats.