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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: thames_sider who wrote (32078)	2/28/2001 11:30:11 AM
From: edamo	Read Replies (1) \| Respond to of 65232

thames sider..."don't blame the fed" kinda sorta agree.....the fed is in the forefront, but they only react to data that is sourced from the federal government...which is most times eventually revised and is based on sampling which isn't always a true view of the economy. it is up to the administration to dictate money policy, the fed is an independent operative tool to achieve same....the fed is owned by "for profit" entities.... an administration whose claim to fame was "it's the economy stupid", is not keen to give indications that "it's the stupid economy" that is faltering....why feed bad news and indicators to the fed when you are trying to maintain a foothold in the white house. other then tech, most usa businesses saw future declining sales and profits in 1998.....consolidation of companies helped to accelerate same...... consumer spending in the usa will always be high, as we are a nation of consumers.....but the data base that the fed uses needs some serious rethinking and modification to bring it into the twenty first century... good luck ed a.