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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (28871)	9/27/2001 11:09:01 AM
From: Jdaasoc	Read Replies (2) of 30051

rough net impact of around $100 B for those dislocations Idiot math implies 100B/1.3T 2nd half GDP reduction or about 6% downturn in GDP. ouch. It's irrevalent that you base downturn off 1-2% positive growth in economy, we have had real instantaneous negative growth in economy that no spreadsheet ever forecasted. Besided lower earnings for S&P, so much debt is going into junk bond status. john

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