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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: MythMan who wrote (243819)	6/4/2003 8:14:51 AM
From: Jeff Jordan	Read Replies (2) of 436258

This appears to be one of the best bull rallies in 4 years. I almost believe the bear is dead, but still waiting to see proof in manufacturing and jobs. This may be one of the shortest bull markets in history? Who knows which way the wind blows tomorrow? The money supply is endless yet not much being done with all this new debt on the home front. Very hard to imagine all the change in next 5 years. More debt seems a certainty. >>>In the U.S., Mr. Greenspan said, "The economy did weaken in March and in April,(jeff got very bearish) and the data for May to date suggest that it's stabilized. We have not yet seen any major impetus to a pickup." He still expects growth to "quicken," in the third quarter, though to less than the 3% to 4% annual growth private economists expect.<<< And the " corrosive deflation" comment, >>>Mr. Greenspan said a drop in prices by itself isn't worrisome. The real concern, he said, is "corrosive deflation." He defined that as a self-feeding downward spiral in prices, including asset prices, that hurts the economy by reducing household and investor wealth.<<<

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