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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (10138)	10/27/2000 10:59:32 PM
From: Jim Willie CB	Respond to of 65232

what a lackluster droopy day for Naz the low 2.7% GDP number is somewhat misleading take out govt slower activity, and you get 4.1% GDP is that correct? that is what friend tells me and he is no slackjaw Dow stole the attention today with banks leading the way that bodes well for a tech recovery with meaning and gusto any tech recovery requires a firm solid foundation lower GDP now provides Federal Reserve with the excuse to ease on rates or at least to move away from tightening bias the Euro touched new lows again, lower than before the talk of US/Japan intervention support what a shitty currency!!! I believe the Fed will point to slower US economic data, but look at extremely sick Euro currency, and begin to change its monetary course very soon Europe is pathetic, its currency is a joke it endangers to some extent world economic stability I maintain that any expectation of a US economy recession is absurd my reasoning is simple the only way our current economy can suffer a recession is with the return of the Cold War and its associated high cost of weaponry buildup take out the cost of Cold War and you have no threat of recession the worst an overtightening Fed policy can do is bring about something like 2.0-2.5% GDP pseudo-stagnation the Fed can take the foot off the brake translated: the Fed can ease rates, and restore the yield curve to its proper shape / Jim