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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: LTK007 who wrote (21316)1/12/2002 2:16:40 AM
From: LTK007  Read Replies (1) of 99280
 
Greenspan himself in today's speech brings out the danger of a double-dip recession <<With production running well below sales, the potential positive effect of the inevitable cessation of inventory liquidation on income and spending could be significant," Greenspan says. "But that impetus to activity will be short-lived unless the demand for goods and services itself starts to rise. On that score, despite a number of encouraging signs of stabilization, it is still premature to conclude that the forces restraining economic activity here and abroad have abated enough to allow a steady recovery to take hold. For that to happen, sustained growth of final demand must kick in before the positive effects of the swing from inventory liquidation to accumulation dissipate.">>
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