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Technology Stocks : Son of SAN - Storage Networking Technologies

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To: J Fieb who wrote (2901)	3/10/2001 12:27:31 PM
From: Joe Wagner	Read Replies (2) of 4808

Recession Isn'T In The Cards Saturday March 10 10:56 AM ET Is Greenspan Fighting Phantom Recession? By Pierre Belec ]]]]]"Recession Isn'T In The Cards Even the numbers crunchers say that an old reliable measuring stick -- the nation's money supply, also known as M2 -- is not emitting signals of a recession. M2 has jumped at an annual rate of more than 10 percent over the last three months, which means the Fed is printing more money to pump up the softening economy. ``Since the M2 series began in 1959, the U.S. economy has never entered a recession with the real M2 growth this high,'' says Paul Kasriel, head of economic research at Northern Trust Co. ``The additional 50 basis points of cuts we are forecasting to occur by March 20 would be expected to boost nominal M2 growth still more.''[[[[[" dailynews.yahoo.com Joe P.S. Hope you are hanging in there ok J.Fieb.

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