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To: paul ross who wrote (61916)	12/11/2000 1:21:21 PM
From: CIMA	Respond to of 116752

COMING YEAR HOLDS CONTINUED ECONOMIC DIFFICULTY When Federal Reserve Chairman Alan Greenspan speaks, the world listens. During a Dec. 5 speech at an American bankers conference in New York, Greenspan cautioned against overreacting to the current economic slowdown. As predicted in our Second Quarter 2000, the United States is in the midst of a necessary and inevitable slowdown, bordering on recession. Over the long-term, the American economy will resume its expansion and continue until at least the middle of this decade. In the coming year, however, a combination of economic problems and political uncertainty will generate a severe crisis of confidence both in the United States and abroad, resulting in substantial repercussions for the global political system. Stock markets rallied Dec. 8 when two Florida judges dismissed lawsuits calling for thousands of absentee ballots to be thrown out. The technology-heavy Nasdaq Composite Index closed up 165 points, almost 6 percent of its value, after hitting its lowest point since August 1999 only last week. The Dow Jones industrial average gained 96 points, completing a wobbly week in the major American financial markets. Apart from tech stock activity, the markets are signaling an orderly and healthy slowdown, albeit one with an uncertain bottom. Highly inflated market capitalization of technical and Internet companies has been brought to more rational levels what Greenspan has called part of an inevitable winnowing process. The Nasdaq, where there was the most feverish speculation, has been hammered over the past few months. ********* TO READ THE REST OF THIS ARTICLE CLICK HERE:******* ******* stratfor.com ********** ___________________________________________________________________ <<<<<<<<<<<<<< SUBSCRIBE TO BECOME A MEMBER TODAY!>>>>>>>>>>>>>>> Stratfor.com introduces new, expanded analysis for readers seeking more insight on the entire range of global affairs. Our new site features more intelligence on more subjects, easier navigation and expanded coverage. What New Members Say About Stratfor.com: "I was happy to pay the new subscription charge for continued access to your material given the high quality...In fact, I've quoted you several times in a report recently published by (my consulting firm)." D.A. "I teach geography and international relations at the college level. Your site is one of the most excellent resources for students and teachers alike. My compliments on the site." J.B. "I subscribe to numerous publications including the Economist, the National Interest and Foreign Affairs, and yet not one provides cogent analysis of today's events as well as you do." M.U. stratfor.com <<<<<<<<<<<<<< SUBSCRIBE TO BECOME A MEMBER TODAY!>>>>>>>>>>>>>>> =================================================================== SIGN-UP: Get the free, daily Global Intelligence Update: stratfor.com You can stop receiving the GIU by clicking on: stratfor.com CONTACTS AND CUSTOMER SERVICES: STRATFOR.com 504 Lavaca, Suite 1100 Austin, TX 78701 Phone: 512-583-5000 Internet: stratfor.com Email: info@stratfor.com ADVERTISE For information on advertising in the GIU or any section of the Stratfor.com website, please email us at advertising@stratfor.com ==================================================== (c) 2000 Stratfor, Inc.