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Strategies & Market Trends : Galapagos Islands
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To: AugustWest who wrote (12669)11/13/2002 10:38:20 AM
From: MulhollandDrive  Read Replies (1) of 57110
 
"But Greenspan told the Joint Economic Committee there was no doubt that a number
of forces were holding back growth currently. He cited in particular the fallout
from revelations about corporate accounting scandals, the continued reluctance
of businesses to increase their investment spending and "heightened geopolitical
risks."

interesting that he doesnt point out the underlying "force" (reason) holding back corporate spending.

i suppose it might have something to do with the huge over-capacity ,over-supply , and debt we're still carrying forward from pre 2000 as a result of the "force" the fed exerted toward accommodation.

and now we see the same *force* was used to help sink the consumer in debt.

guess what alan.....

sooner or later it you gotta pay it back.
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