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Old 07-04-2008, 03:04 PM   #2 (permalink)
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Default Re: Lets stop beating around the bush

Population will continue to grow. Products wear out. People get promotions. Just a lull in the economy right now. There is huge amount of exports going on and imports have never been so cheap.

The DOW will likely fall to 10600 which really means knowing unless you sell at that level. Like always the economy will rebound once it adjusts.

Businesses don't want to reduce staff. It's too expensive to cut staff these days since the severance pay benefit is commonplace for big firms, and it's is too expensive to rehire and retrain once the economy starting a popping once again. Profits may be down but most, outside of Big Auto, Big Finance and Big Builder, are still making a profit.
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