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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Sam who wrote (3465)7/9/2002 11:14:00 PM
From: Lee  Read Replies (1) of 3536
 
While I am not a big fan of the article, the point about the bond market being sour is valid, if not exactly timely. Telecom debt clearly remains a problem, but mostly we are over the hump on bankruptcies while remaining firms have restructured to improve cash flow. That does not imply a loosening of credit standards by banks nor does it imply a Japanese style need to nationalize a defunk banking system.

The story at the moment is a dollar, bond market, and stock market that signal a continuing recession while the income statistics and most economists say otherwise. Who is right?

A closer look here sometimes helps.

whitehouse.gov
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