[PEN-L:28089] Query on Larry Elliott/Dr Doom

[Carrol Cox <cbcox@xxxxxxxxx>]

Ian Murray wrote:
>
> On the edge of a precipice
>
> The US stock market collapse could trigger the biggest global
> recession since the 1930s
>
> Larry Elliott, economics editor
> Tuesday July 16, 2002
> The Guardian
>  The sharp fall in American consumer
> confidence reported last Friday was a clear indication that
> the public mood has been affected by the declines on Wall
> Street triggered by the $3.8bn accounting fraud at WorldCom.

Three "facts" 1) stock fall 2) poll on consumer confidence 3) Fraud at
WorldCom.

And the author confidently links them together. Perhaps they are linked
-- but is there any necessary reason to think so?

Carrol