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Politics : Formerly About Applied Materials

AMAT 260.77

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Dec 24 12:59 PM EST

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To: XBrit who wrote (66407)	10/5/2002 7:11:50 PM
From: Cary Salsberg	Read Replies (1) of 70976

I read the Russell article. I don't believe he is an economist or really understands economics. Economics is mostly about marginal moves within a stable system. Doom and gloomers always draw a causal connection between marginal moves and resulting instability. Russell doesn't like government economic measures, but he doesn't offer an alternative with different data. There are many measures that make this the "worst bear market since 1929-32", already. There are NO measures that forecast a "damnedest recession-depression..." Certainly, one must credit Russell for picking a very opportune time for engaging in fear mongering. I am sure he is having a far greater effect than he deserves.

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