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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (20882)	1/10/2002 11:19:23 PM
From: NOW	Respond to of 99280

exactly! i continue to be amazed how blind everyone is to history...

To: mishedlo who wrote (20882)	1/10/2002 11:33:17 PM
From: samim anbarcioglu	Read Replies (2) \| Respond to of 99280

Mishedlo, stop, stop.... Where are you getting 10% unemployement? It is currently at 6.5 or less. It wa just published today no? <People look at "leading indicators, and Trailing indicators" as if they are constant. >> People have to look at statistics don't they? And what on earth do you mean by 'as if they are constant'? <<on this one consumer spending is the only damn thing propping up the market.>> Everybody agrees that this recession is a businness recession. It is the businesses that went into an inventory overflow (which is now all melted down at the moment, which is why the industrial metals futures are all runnning up). This recession was not about a consumer demand recession. It was entirely a business (B2B if you prefer). recession, The whole time, consumer demand kept up and did not fall. Of course it would. The consumer was all but in fully employed. In macroeconomics 101 they teach (still) that 6.5 is considered average employement level for an economy. We had 3 - 4 % employement back in 1997 - 98 - 99. That was off the charts..