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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (41147)10/21/2001 7:09:42 PM
From: BubbaFred  Read Replies (1) of 50167
 
What will be subsequent to the euphoria? Will the equity market rally, by itself, be enough to fuel the economic recovery? At that time, say in the first or second quarter of 2002, worldwide economy will still be in down cycle, at very sluggish growth rate, waiting for American and European consumers to go on spending spree. But there is a limit on how much American consumers will be able to spend without getting deeper into debt. Will there be enough job creations to offset the job layoffs?

OPEC's decision to reduce output and maintain price level may not help fuel economic recovery. However, if the US decides to construct additional nuclear power plants to become less dependent on foreign supply, then OPEC crude oil will likely drop like a rock.
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