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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Giordano Bruno who wrote (99850)5/4/2001 9:34:50 PM
From: patron_anejo_por_favor  Read Replies (3) of 436258
 
Wow, good to know they put intense effort and a lot of "analysis" into their forecasting models: Got magic 8 ball?

<<Evidence of the waffling came from Merrill Lynch chief economist Bruce Steinberg, who -- in the immediate wake of the employment report -- commented "we are now reviewing our forecast and think the economy could be beginning to look recessionary."

But less than 30 minutes later, Steinberg issued a follow-up report, declaring: "After further consideration, we are not, at this point, moving to a recession forecast.">>
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