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To: Les H who wrote (61384)	1/24/2001 9:10:43 PM
From: Mark Adams	Respond to of 436258

Nice site, thanks for the find. I popped into the message boards, and found one bullish mention. Sounds good on the surface... RE: Is the economy in recession? Will rate cuts help? Fri Jan 19, 2001 4:06 PM Roger Arnold The story for 2001 is monetary and fiscal stimulus combined with falling mortgage rates, falling energy prices and full employment. On a macro basis it doesn't get any better. The last 12 months have been marked by market events rather than economic ones. Greenspan never should have driven rates as high as they are. But now that they are there he has to rationalize lowering them. He knows the bond market is right and the fed is wrong. He understands that the new economy is the old economy. Deregulaton is th ekey to the new economy. It is what is taking the US back to an Adam Smith style, pre-civil war economy. This is the root cause of the new economy and the end of NAIRU, phillips curve, keynesian economics, FDR's new deal, etc. Economic collectives are dead. Just as the communist experiment failed so did keynseain economic in the US. As the new economy is extended in the US the outlook for the US economy gets brighter and brighter.