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To: Crimson Ghost who wrote (16927)11/2/1998 8:23:00 AM
From: Enigma  Respond to of 18056
 
George - more on 'internal dynamics'. When I was a broker in Montreal in 1973 - I remember a meeting we went to where our economist (his name was George Saba) announced that we were officially in a recession. It seemed quite incredible because everything seemed just fine - at least with the external dynamics! Just like today?? Yet the 1973/4 recession turned out to be the worst since the Depression - just think what happened to commercial real estate development at that time. Appearances can be very deceptive. e