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To: Jibacoa who wrote (8031)2/28/2001 10:12:13 AM
From: Jibacoa  Read Replies (2) | Respond to of 13094
 
Uncle Al speaks at the Senate.

While some of the senators are holding their heads trying not to fall asleep, he stated that the economy slowed further in December to almost "no growth" and there was a rise in inventories because the slow down was greater than what most companies had anticipated.

On the other hand, according to him, in spite of the increase in oil prices and energy cost, inflation doesn't seem to be a threat at present and productivity increases with new technology still shall be achievable. He spoke favorably about B2B future, so that could be of help to some of those stocks that have been hammered hard lately <g>

It seems we may get another cut from the FED pretty soon<g>

Bernard