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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Rose who wrote (134747)	4/2/2001 5:17:26 PM
From: greenspirit	Read Replies (1) \| Respond to of 769667

Tough question...I would guess we're going to see a slow growth year while skirting a genuine recession (meaning 3 quarters of negative or zero growth). Maybe 1-2% this year. Next year looks to be about the same, maybe a little better 1-3% growth. Some things that have me concerned is Japan's economy and the recently passed bancrupcy law changes. Consumers are carrying a lot of debt. And the correction isn't helping confidence much. The good news is unemployment still remains very low. Unfortunately, the situation in China could really mess things up. If we need to impose sanctions in order to get our troops back, inflation could creep up and the FED is unlikely to reduce rates more. That may be what's effecting the markets on a good economic news day. I think Greenspan is going to get his wish. A slow growth economy with little or no inflation. I would like to believe the tax cut Bush has proposed is going to change this outlook, but I just can't. We're now dealing with a 10 trillion dollar economy and things take quite a bit of time to churn there way through our economy.