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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Crimson Ghost who wrote (5993)5/10/2004 2:10:02 PM
From: mishedlo  Read Replies (1) of 116555
 
B. Stearns sees econ. accelerating, inflation stubborn
Monday, May 10, 2004 6:14:35 PM

NEW YORK (AFX) - Bear Stearns economist David Malpass believes the U.S. economy is accelerating, with the latest employment numbers consistent with 4.9 percent growth, vs. a reported 4.2 percent rise first-quarter gross domestic product. He also expects "mild, stubborn multi-year inflation" in contrast with the disinflation witnessed through the 1980s and 1990s
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Does anyone see a recession coming?
Not even Roach is reading one

M
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