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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (589)5/1/2003 11:35:43 AM
From: Earlie  Read Replies (1) | Respond to of 4912
 
Jim:

Add to the frightening nature of the figures, the fact that economies tend to react to a continuing increase in unemployment in a non-linear manner. At first, the economy more or less ignores the growing threat (as in say, late 2000, or 2001) but later it over-reacts (savings rates rise, consumers stop buying anything except "the necessities", etc.). I think we are just "crossing over" right now. (NG)_

Best, Earlie


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