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Pastimes : FED TALK
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To: Jeff Jordan who wrote (79)3/2/2001 6:59:45 AM
From: GROUND ZERO™  Read Replies (1) of 94
 
But for now, at least, the weakness in sales of motor vehicles and homes has been modest, suggesting that consumers have retained enough confidence to make longer-term commitments; and, as I pointed out earlier, expected earnings growth over the longer-run continues to be elevated.

Duh... did he notice that every U.S. auto maker reported huge losses just recently and the only auto profits were in lease fleets? I guess the facts don't really matter to this guy.....

GZ
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