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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (448)	8/29/1998 8:17:00 AM
From: Justa Werkenstiff	Respond to of 15132

Bob: Re:" The problem is that other trading partners have higher involvement with Russia. Therefore there is a ripple effect. If the Russian situation severly impacts Germany then there will be an impact on Europe and then an impact on us." Good point. More specifically, the big question is whether or not we are headed for a recession based upon the ripple effect of world economic events. There is no question that our economy will slow and that is a good thing. I can't see a recession at this point and I think it is interesting that just a few months ago we were worried about the economy overheating and inflation. But these things are hard to evaluate. I suspect that Bob will touch upon this issue today. The last time we went into a recession based upon world economic events was due to the oil crisis in 1973 and 1974. Funny, we had a presidential crisis at that time as well. Definite prize points for your post <G>.