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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (37135)	8/12/2003 7:01:50 AM
From: BubbaFred	Respond to of 74559

They are always very upbeat, year after year.

To: EL KABONG!!! who wrote (37135)	8/12/2003 9:35:49 AM
From: MulhollandDrive	Read Replies (2) \| Respond to of 74559

"not a rising tide that lifts all boats" hi kerry.. still too much overcapacity for any rise in tide to lift all boats, competitive forces work to spur price cuts to either maintain or increase market share. i'm still dubious about the quality of the second half recovery (whether it actually materializes sufficient to spur capital spending or if it is sustainable, rather than temporary uptick in a continuing downward trend) >>Much still needs to go right for the turnaround to materialize. Unresolved economic issues litter the global landscape. Japan faces a perilous downdraft of prices and income known as deflation and other countries are flirting with it. Meanwhile, many Asian banks are burdened by bad loans. Europe's large economies face unemployment rates driven higher by rigid labor laws that are only now being eased. Latin America is healing from years of financial and political turmoil. And the threat of new terror attacks remains a persistent worry. Jeffrey Swartz, the chief executive of U.S.-based apparel and shoe maker Timberland Co., recently concluded a month-long tour of his company's European operations and was discouraged by the constant pressure his company faces to lower prices. Although the company's global sales are rising, competition in Europe is intense. His response was to clamp down on inventories in case second half sales don't materialize.<<