Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: t2 who wrote (4638)	8/16/2002 10:02:48 AM
From: Jim Willie CB	Read Replies (1) of 89467

I just heard the stupidest economist forecast in months it was CNBC at 8:30am today some guy from PNC Partners, an economist (maybe not) but he professed his optimistic view on the economy's growth his main foundation was that corporate mgmt has been pre-occupied in recent weeks and months by governance issues, accounting issues, and legal issues so they have taken their eye off the ball on managing their companies, and making new commitments to investing he believes capex spending will rise considerably this autumn as a result this guy must have been a fast-talking MBA type who never hit the books I wonder if he makes over $200k per year he didnt bother to check the capacity utilization in mfg, which is at 72-74% nor check that Y2K buildout and replacement peaked in 2000 nor check that IT spending has been deadinwater for months nor notice that IT software spending is now trending down nor discern that final demand spending is trending down wow, Jim

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