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To: pater tenebrarum who wrote (63526)	1/31/2001 12:24:24 PM
From: oldirtybastard	Read Replies (1) \| Respond to of 436258

did you see the stat mentioned by Marshall Auerback on prubear that non-defense capex orders declined 8.5% just during the period from the peak in Aug. to December?...In the entire 1990 recession, the total decline was 9%. I am assuming that is as siginificant as it sounds...though the mad cow prion infested bulls would surely argue that it indicates the recession is nearly done -g-

To: pater tenebrarum who wrote (63526)	1/31/2001 12:38:16 PM
From: Les H	Read Replies (1) \| Respond to of 436258

Wonder how much of that is distorted by the US automakers debacle. Even if the Fed manages to prop up the economy, they're going to keep losing out to foreign makers.