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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: X Y Zebra who wrote (47217)	9/5/2003 10:16:18 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 57110

>>so another great economist's forecast, just like the weathermen... the only "good" thing is --relatively speaking-- is that it still is in the 6's. On the other hand, the increase in unemployment has to start somewhere... let's see what happens when it gets to the 7's and 8's<< z.. do you remember a number of years ago when the business cycle was declared "dead" using JIT manufacturing as the rationale? which of course relied heavily on IT and foreign manufacturing... well we found out for sure the business cycle didn't die when it hit the wall in 2000 but what does appear to be killed off is the job creation that comes with "recovery" and now it appears that the jobs of the IT companies that created the very productivity that facilitated the denouement of manufacturing are themselves being exported. oh the irony <g> as one analyst mused this morning... "at what point does a lagging lagging indicator become a drag"