[Willie Green]

Pretty serious numbers,

I'll say!
Almost as if they were afraid to come right out and say "27% unemployment".
Had to come up with a way of softening the impact!

[Cold Heat]

There should be some improvements as the American economy recovers, but there is some doubt about the recovery of the equpment sector.(capital stuff)

I see a fairly low growth senario. Europe is so loaded with social service problems and union BS, that they will suffer regardless.

If the Saudis were to implode, or any other event that might shake up costs and availability of raw materials, I see Europe and the EU going down like the Titanic. This would not be a good thing,IMHO.