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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (5795)	3/5/2002 6:20:59 PM
From: Mike M2	Respond to of 33421

Jon, they should be asking are the numbers real? they don't really want to know. Mike

To: Jon Koplik who wrote (5795)	3/5/2002 11:00:30 PM
From: John Pitera	Respond to of 33421

When economist Diane Swonk was on a panel recently, they were talking about if this had been a recession and how severe it had been. The panelists were going back and forth on the question of recesion and she had a great comment. She said what ever this had been it was certainly not a pronounced downturn. she had lived in Detroit when unemployment had been North of 20% in previous recessions. It was a cogent point, in that unemployment increases have been pretty muted compared to some of our prior economic downturns. John