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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: chomolungma who wrote (391920)	4/14/2003 2:16:52 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 769670

No, my point was that the stock-market, instead of being a barometer of the economy, as it had been in the past, has now become the economy. So any decline in the stock-markets will be felt in the economy.

To: chomolungma who wrote (391920)	4/14/2003 2:19:20 PM
From: Land Shark	Read Replies (1) \| Respond to of 769670

Economy is still good but soon going bust. Especially with the level of debt, both consumer, corporate and govt.. Given the more and more job losses, there's going to be loss of govt. revenues and rising no. bankruptcies going default on loans. There'll be more banks and corporations going BK, making more and more job losses. Consumer confidence goes down the tubes etc., etc.. Manufacturing output slows, it all snowballs into a massive recession. If Shrub causes to much trouble in the Middle East the Saudis will start pulling their bonds and other investments from the US. Then the govt. will have to raise interest rates or print more greenbacks to pay for the burgeoning deficit (thanks to juniors tax cuts). I see real trouble down the road.