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To: H James Morris who wrote (131247)9/14/2001 7:26:51 PM
From: Glenn D. Rudolph  Read Replies (3) | Respond to of 164684
 
Call me stupid. I believe many have<G> I have read quite a few articles today from various publications that this recent terrible even will cause an increased slowing in our economy. The problem is none of these articles seem to give a good reason except for short term transient issues such as transportation, current non existant retail buying (I believe everyone is focused on the nesw) etc. Can anyone explain with good reason why ours and the world economy would so quickly deteriorate? I cannot make a case for that in my method of thinking.

I kind of see over the longer term a ramping of demand for IT spending due to the amount of damaged equipment. I am not just limiting this to tech firms but construction, office furniture, carpeting and so may other areas that will be tapped to replace the destroyed physical structures. It matters not wherever it may be built.

There would be a transient reduction in employee production due to the many deaths, grieving and other factors that will naturally take focus away from one's work. That is still transient in my mind.

I am all ears.