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To: McNabb Brothers who wrote (67941)	1/30/2001 12:23:05 PM
From: Haim R. Branisteanu	Read Replies (4) \| Respond to of 99985

Hank, Bush team is to blame for the sharp downturn not if's or but's they have an agenda and if any one thinks that the leader of the Republican party talks for himself he is mistaken. The whole thing started with the sudden and unexplained sharp rise in oil prices last March / April then it followed trough with Bush pimping stocks to Social Security funds and after the close election starting to talk the economy down. A nation leader after coming to power will promise his electorate better times not worst just to paint bad his predecessor, I am still waiting to hear from Bush et-al how wonderful of an economic turn around they will do, promote economic expansion and wen will they enact his promisses of investing Social Security in the equity market. The economy was weak already this summer Bush statements made softening economic developments even worst, and it seems to me he takes a liking by hearing that so many people are letting go from their work places on the expense of promoting his agenda. Haim

To: McNabb Brothers who wrote (67941)	1/30/2001 5:11:05 PM
From: Zeev Hed	Respond to of 99985

Hank, I did not "forecast a recession this year, and I still think that if consumer confidence is not shattered, all we will get is a sharp inventory correction without two consecutive quarters of negative GDP growth. By harping about a recession from the top of the administration (something I have not seen any President do before) a direct hit to consumer confidence is imparted which could convert a simple inventory correction into a full fledged recession. I agree with you that I forecasted a week market since last April independently of whom win the elections, but a recession could get the matters even worst than I thought. Zeev

To: McNabb Brothers who wrote (67941)	1/30/2001 5:11:06 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 99985

Hank, I did not "forecast" a recession this year, and I still think that if consumer confidence is not shattered, all we will get is a sharp inventory correction without two consecutive quarters of negative GDP growth. By harping about a recession from the top of the administration (something I have not seen any President do before) a direct hit to consumer confidence is imparted which could convert a simple inventory correction into a full fledged recession. I agree with you that I forecasted a week market since last April independently of whom win the elections, but a recession could get the matters even worst than I thought. Zeev