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To: Crimson Ghost who wrote (73639)	3/30/2001 3:11:21 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Why the FED needs to lower interest rates by at least 1%, de facto we are in recession today The National Association of Purchasing Management-Chicago said its monthly index of regional manufacturing fell to 35 -- the lowest since April 1982 -- from 43.2 in February. Analysts expected a reading of 43.5. ``The retrenchment in manufacturing is persisting,'' said William Sullivan, senior economist at Morgan Stanley Dean Witter in New York. ``It's deeper and more widespread than we saw a month ago.'' In February, the association's national index rose for the first time in a year. quote.bloomberg.com