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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (19890)9/20/2000 2:24:37 PM
From: bill meehan  Read Replies (2) of 436258
 
Haven't you heard, Heinz? The deficit merely reflects our economic strength. I hear it all over the boob tube and also from Little Al last Friday:

Symbol(s) G/FED & Date
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09/15 2:07P (DJ) +DJ Fed's Broaddus:Risks More Balanced Than A Few Months Ago
Story 5276 DJ Fed's Broaddus -2: Euro Weakness Reflects US Strength
BOILING SPRINGS, N.C. (Dow Jones)--Risks to the U.S. economy are more
balanced than they were a few months ago, although they remain tilted toward
higher growth and inflation, Federal Reserve Bank of Richmond President Alfred
Broaddus said Friday.
Speaking to reporters following a speech at Gardener-Webb University in
North Carolina, Broaddus said that while it's "a little to early to declare
victory" on inflation, "the risks in the outlook are more nearly balanced than
several months ago."
Broaddus was also asked about the recent weakness in the euro, and said that
while it's a matter "of considerable concern" and has led to some questioning
of the currency's long-term viability, he thinks the euro will survive and
that European countries will make the reforms necessary to improve economic
fundamentals in the region.
He also said that euro weakness reflects the attractiveness of the U.S. for
global investors.
"In a sense, it's a tribute to our success in the U.S. as opposed to
problems in Europe," he said.

(MORE) DOW JONES NEWS 09-15-00
02:41 PM
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