IMHO
In the UK the recession of the late 80s early 90s occurred because of a culture
of spending beyound ones means at all levels
The consumer feel good factor caused an unsustainable boom which had to be checked
by high interest rates that were pushed even higher (15%?)when Lamont left the euro broad band exchange rate due to the Mr Soros
and his ilk
The high interest rates were ultimately paid for in job losses as companies found competition difficult
At the moment in the UK
1. Interest rates are stable/falling and low
2. Inflation is low and stable
3. We are not obsessed with E commerce
4. We are not talking our way into recession
The futures bright .. Think positive
Oh and ignore media negativity
Remember that the smart money is used to buy stock when things seem at their worst !!
[This message has been edited by RVR800 (edited 15 February 2001).]