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To: Glenn D. Rudolph who wrote (135501)	12/8/2001 9:56:17 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 164687

Glenn unemployment will likely keep rising, to 6.5 % at least and I think possibly more. Employment rates always lag GDP recovery as recessions end. Companies remain cautious and conservative about adding workers even as recessions end. Mortgage delinquincies are at a 10 yr high. So how long can consumers keep spending?

To: Glenn D. Rudolph who wrote (135501)	12/8/2001 10:29:42 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 164687

glenn, while i respect your opinion (and HOPE you are right! ;-), i wouldn't make that bet. i think it gets worse. here's why... there are a TON of companies out there that are doing nothing more than burning cash acquired during the bubble (and keeping millions employed). i think many of these will still go out of business. unemployment rises... spending declines... etc... i understand there is economic data that says this isn't happening now, but next year is an entirely different animal, as is the year after... i think the bad times end when the consensus is that it will not end for a long time, rather than it will end anytime soon b/c it never should have happened... ;-) time will tell...