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To: Paul Engel who wrote (127872)2/20/2001 12:05:16 PM
From: Yaacov  Read Replies (3) | Respond to of 186894
 
Good Morning Paul,

It now appears that US economy is finally in recession!
The only way out is swift resolution by the Federal Reserve to further lower the rates. After all they screwed-up a good thing and it seems that they are not moving fast enough to put the things right! During the G-7 meeting on Saturday Mr. Greenspan kept congratulating himself that US economy has averted a Recession!!! (too many bottles of Chianti perhaps?) I don't know where he gets his facts and numbers, but does he ever looks at the market
indexes and major Corporations earning?

I fail to see what are they waiting to see before they act? Thanks