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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (580315)6/3/2004 8:45:21 AM
From: JakeStraw  Read Replies (1) of 769670
 
Dent U.S. economy is in good shape

Wednesday, June 02

DALLAS, Jun 01, 2004 (United Press International via COMTEX) -- The June issue of the H.S. Dent Forecast of Dallas release Tuesday suggests the strengthening U.S. economy should continue the rest of the year.

The firm said the financial markets are poised for a short-term summer rally that could drive the Dow toward the 11,300 mark by early July.

The H.S. Dent Forecast also said a major market advance driven by productivity enhancements, high corporate profits and increases in capital spending by businesses should begin next year and continue during 2006.

The forecast was good news for investors and it should be good news for an incumbent president during an election year. The problem for President George W. Bush is that 2004 is shaping up to be anything but typical, said Harry Dent Jr., president and founder of the H.S. Dent Foundation.
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