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

To: Box-By-The-Riviera™ who wrote (3809)	12/16/2003 11:38:15 AM
From: GraceZ	Read Replies (1) \| Respond to of 4909

oh well, why quibble over a percentage point here or there A percentage point here and there is the difference between the peak and the trough.

To: Box-By-The-Riviera™ who wrote (3809)	12/30/2003 6:11:53 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 4909

btw., note that the recent 'recovery' in Japan owes its existence to - you guessed it - the introduction of hedonic indexing to the government's economic statistics. iow, there is only a statistical recovery, not an actual one. a little anecdotal support to the statistical , not actual recovery.. had lunch today with my accountant who runs a fairly good size independent accountancy firm... i asked her what kind of feedback she was getting EOY from her corp clients, (professional, C & S) asked her about hiring, corporate purchasing (was curious if she saw any unusual uptick in clients purchasing capital equipment to take advantage of the expanded depreciation schedule) her response was business was "tepid"....i asked her if she was aware of any of her clients adding labor, her response was she couldn't think of a single client that made any significant hiring changes on the year... her experience mirrors what i hear from business associates...some post 9/11 recovery, but biz is generally treading water... i was actually a bit surprised at her less than sanguine report, as she has generally been what i would consider tending toward bullishness... neither one of us were seeing what i call the type of "collapse anxiety" i tend to see on the bear threads here, but far from high growth expectations either. so basically the bottom line of the anecdotal evidence on both our parts was what is being termed a "recovery" really translate more into "stabilizing" which could be in visual terms the "L" shaped recovery