Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: A. Edwards who wrote (32603)	9/24/1999 12:17:00 AM
From: Gottfried	Read Replies (1) \| Respond to of 70976

A.E. and all, "there is no business cycle any more" an interesting statement, if I've ever seen one. G. U.S. Economy Thu, 23 Sep 1999, 11:46pm EDT World Bank's Stiglitz on U.S. Economy, Business Cycle: Comment By Emily Schwartz Washington, Sept. 23 (Bloomberg) -- Joseph Stiglitz, the World Bank's chief economist, comments on the U.S. economy. Stiglitz, who served as chairman of President Bill Clinton's Council of Economic Advisers from 1995 to 1997, spoke in Washington at the World Economic Development Conference. ``If we continue to have good economic management, and I won't we say what that means in terms of personnel, we will continue to have economic expansion' in the U.S, Stiglitz said. ``Given good macroeconomic management, the probability of a downturn doesn't increase the longer the expansion lasts, and this has been true since World War II,' Stiglitz said. ``That is to say, there is no business cycle any more.' ``While the economy is always vulnerable to a downturn, the fact that there's been a long expansion does not increase the probability of a downturn,' he said. No URL, sorry.