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

To: Earlie who wrote (82762)	6/21/2002 10:16:52 AM
From: Zeev Hed	Read Replies (5) \| Respond to of 99280

I am not sure what you define depression, I would define it s a rate of unemployment exceeding 15% and a similar decline in GDP (maybe a threshold here of just 10%, quite disastrous by itself), and I do not see the conditions for such a calamity. Maybe we should agree first as to what are the end scenarios both of us are envisioning, then we can argue the probability that each scenario will evolve. Zeev

To: Earlie who wrote (82762)	6/21/2002 12:23:37 PM
From: LTK007	Respond to of 99280

<As I noted earlier, we will be on opposite sides of some issues, and this is one of them.> i, like yourself, have a darker view than Zeev, i vary strongly with Zeev's comparison the 60s Bubble with the Bubble past. Again my views on economics contain no content of wishes, as i know wishing changes absolutely nothing:( Max <<but that is where I think we are going. Over a cliff (crash) or gut-wrenching multi-year "grind-down? Who knows, but a full-blown debt catharsis is the destination to my mind>> yes, that is my objective view, also.