But, asarationalconsumer, theyneed tocompare and calculate all the benefits and costs associate with what theywant to do, and alsomake sure what they want to dois what they actuallycan do.
We note low inventories, low real interest rates, rationalconsumer resilience, high levels of bank cash (since the write-downs are generally non-cash accounting entries), small business flexibility and reasonable output gains apart from housing, autos and finance.