PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Baldur Fjvlnisson who wrote (305802)	10/8/2002 1:24:57 PM
From: Just_Observing	Read Replies (2) of 769670

Re: When i heard some Washington shill deny the existence of the PPT back then - I knew it existed The role of the stock markets in the US economy has increased exponentially since 1989. The US stock market was worth $2.9 trillion in 1989. At its peak in 2000, the US stock markets were worth more than $18 trillion. Now they are worth around $9 trillion, perhaps, half a trillion less. Spending by Americans has shown a strong correlation to the NASDAQ. And participation in the US stock markets has surged due to 401k plans. If the US needed a PPT in 1989, then it needs it an order of magnitude more today.

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