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Politics : Stockman Scott's Political Debate Porch
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To: Sully- who wrote (21062)6/26/2003 5:15:49 PM
From: lurqer  Read Replies (2) of 89467
 
Thanks for posting the minutes of the May fed. Statements like

Although the rebound in stock prices provide a "source of potential impetus going forward," the FOMC said it hadn't seen "firm indications of significant acceleration in consumer spending." The outlook for business spending, moreover, was less than satisfactory: the committee said the "upturn in (business) confidence was not likely to show through to investment outlays for some time.

are at variance with an exuberant market.

Where is that elusive Second Half Impulsive Thrust in the economy?

lurqer
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