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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (89401)	1/31/2001 9:33:46 PM
From: MeDroogies	Read Replies (1) \| Respond to of 97611

Wrong...a recession was once defined as 3 consecutive quarters of a decreasing GDP. Clinton (to get elected) convinced the media it was 2 consecutive quarters. Zero growth is a slowdown, though not a recession. I'm willing to bet GDP this quarter grows between .3-.5%. The Fed's job IS "to take away the punch bowl". It is an unfortunate and (I'm sure) not and enjoyable job. However, as the lender of last resort, they can't be assumed to provide a free lunch. There have to be rules that go along with that role, and this is one of them.