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Strategies & Market Trends : The Thread

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To: stan s. who started this subject	12/19/2000 11:02:11 PM
From: Bryan	Read Replies (1) of 49816

Not that this will do any good, but it's worth pointing out. -- [B] --Summers: Little evidence of exhaustion of US productivity growth -- -- [B] --Summers says US economic fundamentals remain sound -- -- [B] --Summers sees room for appropriately targeted tax cuts in US -- -- DJ Summers Sees Strong US Economy, Albeit With Slower Growth -- MEXICO CITY (Dow Jones)--U.S. Treasury Secretary Lawrence Summers showed little concern Tuesday about the fundamental strength of the U.S. economy, despite recent remarks by members of the incoming Republican presidential team of George W. Bush about the increasing chance of a recession emerging. Addressing reporters during a visit to Mexico, Summers said a triumvirate of factors that have powered the U.S. economy to its longest period of prosperity - productivity growth through the use of technology, fiscal discipline and a healthy financial system - remain sound despite signs the overall economy is finally cooling. "Some deceleration of growth was almost certainly inevitable following the rapid growth in the first half of this year, and that is occurring," Summers said. Gonna turn this thing off now....Good night all! -B

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