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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Jill who wrote (46250)1/13/2002 3:01:47 PM
From: stockman_scott  Read Replies (1) of 65232
 
Greenspan Still a New Economy Believer...

TECHNOLOGY RESHAPING RECESSIONS

But technology may change the nature and shape of downturns, making them sharper but shorter because businesses have the ability to access timely information and adjust operations accordingly, the Fed chief said.

``Contractions initially may be steeper, but because imbalances are more readily contained, cyclical episodes overall should be less severe than would be the case otherwise,'' Greenspan said.

biz.yahoo.com
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