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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: kvkkc1 who wrote (15829)	1/4/2001 1:04:24 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 24042

Merrill today said they see no chance of a recession. Certainly however one can argue, as I did earlier, that this, is, a recession.Giant loss of Market value. Also one can make a case that things are moving so fast that we already see 6 months down the line, are depresssed about it and this is a recession:Psychology 101. Now the reverse. I think it is a cyber-recession and cyber-recovery. You must own JDSU however to get the full experience of the two! vbg TA Message #15829 from kvkkc1 at Jan 4, 2001 11:58 AM Interesting piece on CNBC this morning had an economist who stated that the 2 quarters of negative growth isn't universally accepted by economists as the definition of recession. She claimed US is in recession now. I usually don't have much respect for economists, but have to admit, I was impressed with her telling it like it is.knc

To: kvkkc1 who wrote (15829)	1/4/2001 2:57:09 PM
From: SJS	Read Replies (1) \| Respond to of 24042

So......an economist on CNBC, who you don't have generic respect for, but do in this specific case, said that, universally, negative growth isn't a definition of a recession? I agree. There is NO UNIVERSAL agreement (meaning all). There is a majority agreement among economists that a recession is 2 quarters of negative growth. Here's a copy of an 1998 article, but the web is full of stuff you can find: ________________________________ GDP Shrank Two Quarters in a Row Japan’s Lousy Fiscal Year BUSINESS NEWS Quarterly results tipped growth for the entire fiscal year into negative territory for the first time in more than two decades. By Martin Fackler The Associated Press T O K Y O, June 12 — Japan announced today that its gross domestic product shrank for a second consecutive quarter—the standard economists use to confirm that a nation's economy has sunk into recession. The Economic Planning Agency said Japan's real gross domestic product between January and March of this year fell 1.3 percent from the previous quarter. Last quarter, the economy shrank 0.2 percent. Two back-to-back quarters of negative growth is generally accepted as the definition of a recession. abcnews.go.com Here's another: emptytomb.org The gross national product (GNP) is a single, widely-known statistic which is also important for analyzing recessions. "A recession generally is defined as at least two consecutive declines in the GNP, the nation¹s total output of goods and services."4 Steve