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Re: mish post# 81830

Saturday, 03/01/2003 11:21:56 PM

Saturday, March 01, 2003 11:21:56 PM

Post# of 704044
"I can not get an answer from anyone on this board including Zeev."

"No one has bothered to answer this question, no matter how many times I ask."
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mish...

I can only assume you have me on ignore as I have given you my answer (for what it is worth) many times, although perhaps not directly. Jobs are being steadily lost at a faster pace than they are being created and that trend is going to continue. The unemployment rate is significantly higher than the stated rate, and it too will be going higher. In and of itself, that is a big problem and the existing debt levels (both corporate and consumer) only make it worse.

The result is that we are entering a recession that will last a while, and the dependence of the rest of the world's economies on the US economy means it will be a global recession.

Just my opinion, though, and subject to being wrong.

mlsoft




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