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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (1077)	11/28/2001 10:58:15 PM
From: David Jones	Read Replies (1) \| Respond to of 306849

This is pretty good reading about the recession if you have time? And your right that's an old and rotten scam. Message 16707499

To: bill who wrote (1077)	11/29/2001 12:47:02 AM
From: yard_man	Read Replies (1) \| Respond to of 306849

good post -- esp. >>Or, maybe, it's too early yet. Another article said the rumours of recession have got ahead of the fact and that many retailers are saying yes, I'm sure there is a recession but I'm doing okay so it must just be a fluke. Hard to know with all the layoffs. Maybe there's a kind of psychological momentum and people have to be out of work for a certain amuont of time before the effects start to really show. I gather from the articles that I'm not the only one scratching my head over the seemingly contradictory information. << Housing prices will take longer to come down and people will obviously spend until they realize it really is detrimental to their financial health. For the most part denial is alive and well -- you shouldn't be shocked that discount retailers continue to do well -- maybe it is somewhat shocking that the stocks aren't yet discounting what's around the corner, but that too is a part of the 'denial' and the constant nonsense spewed about the consumption driving the economy. There is momentum -- and there is also a threshold. Very non-linear. Once people do start to save and repudiate the "everyone can be rich" by simply holding stocks theory -- they will not be easily pulled back. Japan is different in many ways, but some things you see over there are not cultural -- they are common to the post-bubble mentality -- we just aren't there yet -- Nazcrap notwithstanding. That was just the high tech sector ...