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To: BWAC who wrote (62967)2/6/2003 3:28:17 PM
From: RetiredNow  Read Replies (1) | Respond to of 77400
 
You're exactly right. What's ailing our economy includes at least a couple of things. 1) Accounting laxity has lead to abuses, which are just now starting to get corrected. 2) Hangover from the 1990's and excess capacity and supplies need to work their way through the system, and that just plain takes time. So we can look forward to sub-par returns for the next several years until things return to normal.

The worst thing that can happen is if our fearless leaders start to blow up our budget and dramatically increase our debt in an effort to get a short term effect. If that continues to happen, then we're setting ourselves up for longer term problems.