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Hello Terry,
interesting question. talking heads have special training that makes
them choose the most obvious circumstances and relate those to markets
and economies.
if the consumer is 2/3's of the economy, then it seems the issue might
be how Iraq affects the ordinary Joe's buying behavior. last time I
checked consumer credit was still very high and Martin Zwieg's
research says bull markets begin when credit is at low's. so if the
consumer starts doing more buying on credit, watch out. if its with
cash, I'll eat my hat. so my vote is for more bear market and
recession (or whatever this is) to continue. the only growth industry
is government.
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxx
--
Sunday, February 9, 2003, 3:31:44 PM, you wrote:
TBR> For weeks, I've been listening to the talking heads tell me that
TBR> the only thing holding back business expansion/the markets is the
TBR> Iraq crisis. I don't know a single businessperson who has even
TBR> mentioned this as an issue.
TBR> Is there anybody out there that has any evidence to support this
TBR> viewpoint?
TBR> regards,
TBR> tbr
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