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To: GVTucker who wrote (134115)5/4/2001 10:11:55 AM
From: greg s  Read Replies (2) | Respond to of 186894
 
GV,re: There are some major longer term ramifications, though. My guess is that the A+ rating of California GO munis will be the first to go.

I think this is important. How do you see this action rippling through the economy to get us to a bona fide recession? Is it by dent of the large component of the US economy that is California? Or will this decision set in motion a series of occurrences that eventually lead to recession. Seriously, I'd like to know how you think this could play out.

Kind regards,
greg



To: GVTucker who wrote (134115)5/4/2001 10:27:21 AM
From: Tony Viola  Read Replies (1) | Respond to of 186894
 
Alan Greenspan led the way into this recession. 223,000 jobs lost in April. I think for accountability, Greenspan ought to be made to watch Larry Kudlow on CNBC, live and reruns, back a year and more, for 5 hours a day.


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