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To: Glenn D. Rudolph who wrote (131248)9/14/2001 8:32:53 PM
From: Victor Lazlo  Read Replies (2) | Respond to of 164684
 
Glenn I recall seeing some data the other day that showed consumer spending hit a brick wall just before and during the Gulf War.
Victor



To: Glenn D. Rudolph who wrote (131248)9/15/2001 2:04:18 AM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
Glenn, I'd never call you stupid. Maybe a optimist but that's OK.:)
Btw
There probably hasn't been a person on this thread more critical of Wall Street than I this last few years. But, this tragedy will make me bite my tongue.:(
seattletimes.nwsource.com



To: Glenn D. Rudolph who wrote (131248)9/15/2001 4:29:57 PM
From: craig crawford  Read Replies (2) | Respond to of 164684
 
the economy was/is going to slide regardless of these recent events. the pundits will just use this event as an excuse for what was inevitable.

>> Can anyone explain with good reason why ours and the world economy would so quickly deteriorate? <<

i believe the onus should be on the bulls to prove why this will be a boon for our economy. the slide of the economy was an inevitability regardless of the recent events.

>> 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 <<

replacing a few buildings in NY and DC is not going to have that much of a material impact. you have to reconcile that against the negative impacts such as reduced air travel, reduced tourism, etc.

tell me why you think this tragedy will get the economy roaring back to life.