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To: pater tenebrarum who wrote (61618)1/25/2001 1:10:34 PM
From: Cynic 2005  Read Replies (2) | Respond to of 436258
 
What does he know and when he know it? (Got 1st of the two needed for an "official" recession?)
<<``As far as we can judge, we have had a very dramatic slowing down and indeed we are probably very close to zero (growth) at this particular moment,'' Greenspan told the Senate Budget Committee when asked if the economy is in a recession.

Further, Greenspan said inflation pressures were ''exceptionally well contained.'' Some economists think that tame inflation may give the Fed a green light to take strong action on interest rates in coming months.

Zero growth is perilously close to a recession, which many economists define as two consecutive quarters of contraction in gross domestic product. Greenspan himself noted that this could be considered only a ``rough'' definition of a recession.>>

biz.yahoo.com



To: pater tenebrarum who wrote (61618)1/25/2001 1:17:01 PM
From: AllansAlias  Read Replies (3) | Respond to of 436258
 
What has happened here? Is this the Mad Cow Thread? -g

Anyway, the up I've been waiting for might be underway here. Note how it lacks any impulsiveness. I must leave soon , so I am hoping against hope that they can carry it through to the open tomorrow -g. Tomorrow should be a decent down that has a better than even chance of carrying through to Monday morning. That'll be the meat what's left in this initial leg off the top. Then it's up/sideways to the Fed meeting, but still well below the recent highs, and then kaboom, the meat of the move as a whole.

Just having fun...