[lbo-talk] recession severity

[Steven L. Robinson]

Which begs the question, what sectors will offset construction and mortgage finance" Certainly not tech - at least here in the SF Bay Area- with the layoffs from Yahoo. SR

-------------- Original message -------------- 
From: Doug Henwood <dhenwood at panix.com> 


> 
> For sure. Nor was there any boom in the midwest - instead, much of 
> that region has been enduring the evisceration of the domestic auto 
> industry. As the Wall Street pundits sometimes say, it's a market of 
> stocks, not a stock market. Same for sectors and regions in a 
> national economy. 
> 
> Doug 
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