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Strategies & Market Trends : Intraday Updates, Analysis & Strategies for Daytraders
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To: Jenna who started this subject3/11/2001 9:04:21 PM
From: greenehugh  Read Replies (1) of 589
 
Larry Summers comments on economy from The Economist: "One observer who demands attention thinks not. Larry Summers, who has just retired as America’s Treasury secretary, has recently argued that America’s current cycle is fundamentally different from its post-war predecessors—though not because it is “new”. He argues that it has more in common with economic cycles as they worked before the second world war—or even, wait for it, with Japan’s during the late 1980s. That is a comparison he thought it unwise to draw while still in office. Mr Summers still hopes that a recession will be avoided in America. But if he is right about how things now work, predictions based on orthodox business-cycle calculations are of little use." Full article:"http://www.economist.com/opinion/displayStory.cfm?Story_id=526387"
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