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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?


To: Rmn who wrote (390)1/3/1998 10:53:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 9980
 
The majority of the basic demand is not by the "rich and powerful" but by the majority of people, the one that lose their jobs in economic contractions. Without a safety net, the demand from these people for goods simply disappear, with the safety net it declines by just few percentage year over year when we have a real bad recession. In the 30's without the safety net, final demand declined by 30% if memory serves.

Zeev