The Justa and Lars Honors Bob Brinker Investment Club Thread Message Board

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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread

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Nov 7 4:00 PM EST

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To: MrGreenJeans who wrote (820)	3/20/2001 6:42:38 AM
From: Boca_PETE	Read Replies (1) of 10065

Mr. GJ: WAYNE ANGELL on CNBC today says we are in a "Capital Spending Growth Recession" where capital spending growth has gone from 15% per year to Zero. He sees this as ominous and dangerous for future economic growth. As for Angell's FOMC Meeting prediction, he now expects either: -a 75 basis point rate reduction - no future guidance, or -a 50 basis point reduction with guidance hinting at a future interim FOMC meeting reduction. He states that the FED needs to get the Federal Funds Rate down to 4% by May 15 (probably because he's scheduled vacation after that date?). P

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