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To: Lizzie Tudor who wrote (8542)	10/5/1998 9:41:00 PM
From: MeDroogies	Respond to of 19080

Of course, it's all a hunch. I don't think one is coming because the Fed will drop rates rapidly very soon. At that point, if the economy doesn't perk up...look out! That means we are in a liquidity trap and the whole world will enter hell in a handbasket for a good few years. I don't think that is really what will happen, though. The last recession was considerably worse out west...but technically a recession is 3 consecutive quarters of a declining GDP. We only had 2 back then, and 2 quarters AFTER the "bottom", the GDP shot up like a rocket. That hardly qualifies as a recession, especially when you factor in the low unemployment figures and very low inflation figures.