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Politics : PRESIDENT GEORGE W. BUSH
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To: Baldur Fjvlnisson who wrote (280643)7/26/2002 7:17:04 AM
From: Baldur Fjvlnisson  Read Replies (1) of 769667
 
"Perma-bull stalwarts like Abby Joseph Cohen are still being trotted out to reassure bubble people with hollow platitudes about the rosy future of the US economy, corporate earnings and technology stocks. The credibility of such trite cliches is being eroded by the daily blizzard of weaker economic data and earnings warnings. It is becoming increasingly obvious that that most Wall Street strategists and economists lack even the most rudimentary turning-point forecasting ability and understanding of business cycle dynamics... by keeping the party going on so long, the dynamic duo of Greenspan and Rubin put the US economy on course for Hangover Reef. Cohen's supertanker America is starting to look like the Exxon Valdez."

-- Michael Belkin, Strategic Investment, January 2001
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