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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (993)	4/7/2001 2:57:54 PM
From: marc ultra	Read Replies (1) \| Respond to of 10065

Mr Green jeans re<<<If first quarter GDP growth comes in at about 1% we are still not in a recession. It is not going to happen because of the Federal Reserve rate cuts. And if anyone tells me it feels like a recession that does not count either because the numbers still say no recession is here. >>> Agree that if we don't get two quarters of negative GDP at least on the "final revision"(forgetting about later revisions for now) it's not an economic recession regardless of how people feel. If the Fed was flawless we likely wouldn't find ourselves in this severe slowdown. Even though the Greenspan Fed has an overall good record they obviously have made some mistakes in this cycle as is often the case in hindsight when recessions and even the great depression have occurred. The ongoing rate cuts should set the table for a turnaround. I just don't think we will avoid two quarters of negative growth before this upturn occurs Marc