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


To: X Y Zebra who wrote (47225)9/5/2003 10:47:25 AM
From: MulhollandDrive  Read Replies (1) | Respond to of 57110
 
the conventional wisdom has always been that recoveries begin with demand created by the working down of inventories, business orders pick up, hiring follows, more paychecks, more new demand....

if you follow that order of logic conversely if hiring doesn't follow, there will be less new paychecks less new demand...

ultimately i cannot see how a job-loss recovery is sustainable