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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 491.12

+1.7%

3:59 PM EST

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To: bobby is sleepless in seattle who started this subject	9/7/2001 7:22:51 AM
From: kendall harmon	of 26752

A global downturn, from this morning's Washington Post "This is the first global downturn in a very long time," said Neal Soss, chief economist at Credit Suisse First Boston. "Ten years ago when the U.S. went into recession and then had a slow recovery, Europe was in the midst of German reunification and the boom that that brought. So this is a particularly dangerous circumstance, because it's hard to identify where the engine of recovery will be." On the brighter side, Soss added, U.S. consumer spending -- the savior of the global economy's performance in recent years -- has held up remarkably well this year, and he emphasized that the stock market declines in the United States and Europe do not necessarily reflect economic reality. But the plunge in share prices may well hurt economic growth. washingtonpost.com

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