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To: Mark Fowler who wrote (112821)	12/16/2000 12:06:35 AM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

>More are signs of contraction. I hope AG enjoys his F-cking recession. Why shouldn't he? He created the nasdaq bubble with loose monetary policy after the LTCM crisis and the Year 2000 flop. Greenspan prints more money, all stocks go up. Greenspan slows down the rate of printing, all stocks go down. That's all there is to it.

To: Mark Fowler who wrote (112821)	12/16/2000 12:09:21 AM
From: H James Morris	Read Replies (2) \| Respond to of 164684

Mark, seriously are you thinking recession? >A Labor Department report showing a higher-than-expected inflation reading also surprised Wall Street, which is counting on an interest-rate cut early next year. The Federal Reserve, which sets the nation's monetary policy, previously has cited inflationary pressures as reasons to raise interest rates. Falling costs of apparel and computers kept U.S. consumer prices from accelerating in November, a government report showed, and industrial production fell for a second straight month. The reports confirmed the view among investors that the central bank is likely next week to drop its warning that accelerating inflation poses more of a risk to the economy than sluggish growth. Investors expect the central bank will cut rates at the end of January. The number of companies saying they will not meet fourth-quarter sales or profit forecasts is up 70 percent from the same time last year, to 362 from 213, according to First Call/Thomson Financial. Analysts are now forecasting 7.7 percent profit growth for the companies in the S&P 500 this quarter, down from 15.6 percent as of Oct. 1.

To: Mark Fowler who wrote (112821)	12/16/2000 5:06:47 PM
From: Victor Lazlo	Respond to of 164684

Mark, seems to me to be interesting that a couple of the things AG is said to have been concerned about most all along -- wage growth and extremely low unemployment -- have not really abated much if at all. Meanwhile, corp profit growth is hitting a brick wall and bad debt ratios (both personal and corp) are climbing fast. Victor