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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: bill meehan who wrote (17948)2/4/1999 9:48:00 AM
From: yard_man  Read Replies (1) of 86076
 
I don't want to demean your occupation at all, but Angell now works for Bear Stearns -- he's well paid to look at the market (or worse yet the economy) through those rose colored glasses. Now today we have another chief economist weighing in: Mickey Levy -- the quote is wonderful following on the heels of that silly article yesterday that gave us the picture equation with the PC + Greenspan. (Never mind that the last year was the first year that actually saw a decline in PC revenues as ASPs fell faster than unit growth.)

In the middle of this one today we have the quote:

"We should not allow the declining rate of personal savings -- a mostly meaningless statistic -- to distract us from the overwhelming good news of soaring national wealth."

Another one for the scrapbook -- that one ...
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