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Politics : Formerly About Applied Materials
AMAT 257.34-1.5%3:22 PM EST
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To: Charles Tutt who wrote (47075)5/22/2001 9:24:36 AM
From: Ian@SI  Read Replies (1) of 70976
 
Charles,

The Economic definition of a recession is 2 consecutive Quarters of negative GDP growth. That hasn't happened; and, at this point, it's beginning to look less likely that it will.

There's no argument whatsoever that the cyclical businesses, especially this sector have seen the downleg of a cycle. That is not a recession when talking about Alan Greenspan, the Fed and the overall economy.

If we look only at the sector; or only at my net worth, then there's definitely been a massive recession. :-(

Ian.
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