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Gold/Mining/Energy : Gold Price Monitor

GDXJ 90.47

+0.5%

4:00 PM EST

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To: Rarebird who wrote (74339)	8/2/2001 8:51:13 PM
From: Ahda	Read Replies (1) of 116752

Chicago Fed: Recession Risks Rising _____Live Online_____ Reuters Thursday, August 2, 2001; 10:46 AM washingtonpost.com In each of the five previous periods since 1967—the year the index measures back to—in which the three-month average fell below -1.00 the U.S. economy was in recession, but during those five recessions it also breached the -1.50 level, the Fed bank said. "Although the ... index is below -1.00, the recent period of substantial weakness appears to be different from economic recessions due to the relative strength of the consumer," the Chicago Fed said. Citi Bank and its peers ? I don't know but consumers do have a much heavier debt load than they did.

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