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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (49956)1/11/2001 4:34:08 PM
From: Skeet Shipman  Read Replies (1) | Respond to of 94695
 
Bill,
Just in case anyone didn't read this signing into SI, I think it is important enough to re-post. This agrees with the weekly data I am following.

PHILADELPHIA (Reuters) - Federal Reserve Bank of Philadelphia President Anthony Santomero said on Thursday he sees no evidence the U.S. economy has stopped growing, and he predicted activity would pick up in the second half of 2001.

Speaking to the Greater Philadelphia Chamber of Commerce about the U.S. economic outlook, Santomero said he expects "somewhat slower" growth in the first half of the year compared to the boom of the last few years.

"I am still seeing figures that are positive in terms of growth rates," Santomero told reporters after his speech. "The data that I have seen does not suggest that we are in
a situation of zero growth rate."

Skeet