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To: Kenneth E. Phillipps who wrote (55061)9/7/2001 1:02:05 PM
From: JakeStraw  Respond to of 77397
 
>>...lowering interest rates will not help unless...

Yeah, look at Japan!



To: Kenneth E. Phillipps who wrote (55061)9/7/2001 1:39:36 PM
From: RetiredNow  Read Replies (2) | Respond to of 77397
 
I know. You hit the nail on the head. We need people to spend right now, not save. But fear is a catalyst for saving, unfortunately. I don't think this thing will ease up on us until October. Then maybe we'll have a decent Christmas. I mean, we have the XBox coming out in November. That should provide economic stimulus. :)

(Actually, I'm only partially kidding here. By some accounts, the game box industry is becoming a very large and important part of our economy in the sense that it will provide a lot of ancillary jobs and growth for all the component makers - very similar to the growth that the PC industry created.



To: Kenneth E. Phillipps who wrote (55061)9/7/2001 9:01:09 PM
From: Victor Lazlo  Respond to of 77397
 
A lot of the tax credit money will be spent, not saved. But at best these spendings are just replacing spending that would not have otherwise occured, as people have no credit capacity left, or are in fear of losing their jobs.