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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who started this subject6/6/2001 9:11:15 AM
From: robnhood  Read Replies (3) of 436258
 
<<-- DJ MARKET TALK: Say Goodbye To The 'Phantom Recession' --


Edited by Thomas Granahan
Of DOW JONES NEWSWIRES




9:07 (Dow Jones) Moody's says latest jump in both M2 and corporate bond issues
suggest "that the phantom recession is all but over." Notes the corporate bond
business tends to lead changes in economic activity, and says 1H's much stronger
than anticipated pace of corporate bond issuance might be harbinger of
unexpectedly lively U.S. economy six to 15 months down the road. M2 up from 5.7%
in February 2000 to the 8.2% in April of this year. (TG)
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