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To: GST who wrote (138799)2/7/2002 1:55:33 PM
From: fedhead  Read Replies (2) | Respond to of 164684
 
If the layoffs cntinue , consumer spending won't hold up and we are back to the recession. I believe the markets have
started discounting the recession already. If we repeat the
Japanese experience we should have lots of feeble recoveries
followed by recessions.

Anindo