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To: BigBull who wrote (87573)2/17/2001 3:37:36 PM
From: diana g  Read Replies (1) | Respond to of 95453
 
IMF Forecast of 1.7% US growth '01 "...did not factor in recent interest rate cuts and proposals to cut taxes..."

dailynews.yahoo.com

Saturday February 17 12:51 PM ET
Tax Cuts Not in IMF U.S. Growth Estimate

PALERMO, Italy (Reuters) - Italian central bank Governor Antonio Fazio confirmed on Saturday that the International Monetary Fund (news - web sites) saw U.S. growth in 2001 at around 1.7 percent but the estimate did not factor in recent interest rate cuts and proposals to cut taxes.

``The estimate made at around that level does not take into account a recovery which may come from monetary policy and the possible expansion of fiscal policy,'' Fazio told a news conference.

Fazio was speaking after a meeting of G7 finance ministers and central bankers in Palermo, Sicily. Italy is current G7 chairman.

Italian Finance Minister Vincenzo Visco said the IMF saw a recovery in the U.S. economy in the second half of 2001 and the U.S economy was ``not in a dangerous situation.''

Officials told Reuters earlier on Saturday that the IMF was slashing its forecast for U.S. growth this year almost in half to 1.7 percent.



To: BigBull who wrote (87573)2/17/2001 5:04:19 PM
From: isopatch  Respond to of 95453
 
Buenos Dias, Bullsky. We tried to tell em!

But as usual, prophets are never appreciated in their own time(g).

Maybe it's time to begin to wearing biblical robes and be more dramatic NEXT TIME we try to awaken "the sleepwalkers" that insisted on waiting till their stocks tank AND the truth became OBVIOUS to the majority in the past couple of days.

And after all that flak you and I took here 6 weeks ago giving them advance warning about what was ahead of them? All I can say now, after several of them have been creamed in CRK and a few other favs is, "Oh ye of little faith"(ggg)

I have it!! Gonna PM Donny W and ask to borrow his crystal ball.

Do you remember the interview he did with Ed Hart on the old FNN back in the late 80s when he showed up with one? It was hilarious. He sat there poking at it on the chair next to him like it was a gila monster that might bite him or something LOL. Gotta luv the guy.

Best

Iso