Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (18251)	4/17/2002 2:12:10 PM
From: elmatador	Read Replies (2) of 74559

Greenspan: Strength of Rebound Unclear <<As you can see this is what SI CEO had said this Euro-morning.>> Apr 17 11:59am ET By Glenn Somerville WASHINGTON (Reuters) - Federal Reserve Chairman Alan Greenspan offered a clear signal on Wednesday that no U.S. interest rate rises were imminent, saying the strength of the recovery was unclear and that oil prices bore close watching. The U.S. central bank chief told the congressional Joint Economic Committee in a relatively brief 90-minute appearance on Capitol Hill that energy prices had not yet risen to a point that would seriously sap spending but warned a lasting surge in the cost of oil could have "far-reaching" consequences. siliconinvestor.com The oil problem is US own making. Arabs pissed with US-Israel policy. But the hilarious thing was to read an IMF officer saying the 'recovery' is due to US actions post 911.

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