Quote:


I'm in the camp that believes this isn't a recession and that it isn't temporary. The current economic crash is the inevitable result of the widespread, broadbase loss of manufacturing to southeast Asia. I don't believe anyone in the West will weather this storm. Given the current political climate (summed up in Bush's vow to the Chinese not to interfere with "free trade"), we're headed for thirld-world status.



I don't think so. Most of the world's technological innovation comes from the US. I think we'll survive the contraction in the manufacturing sector. (Of course, it might help if we didn't have to pay auto workers $70/hr.)

I think it's going to be a pretty severe recession - probably as bad as what we had in the 70s (although hopefully without the inflation), but I've been hearing gloom and doom predictions my entire life, and it has yet to materialize.

-Joe Merlino Boston, MA USA 1982 BMW R100 (decomissioned), 2003 America Triumph: Cool enough for The Fonz, cool enough for me.