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

To: RR who wrote (37132)	5/22/2001 8:15:39 AM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

O'Neill: Slowdown Over, Economy Stable Tuesday May 22, 7:39 am Eastern Time <<NEW YORK, May 22 (Reuters) - U.S. Treasury Secretary Paul O'Neill said on Tuesday the rapid unraveling of the U.S. economy has ended and conditions are in place for a recovery over the coming year. ``The slowing was over by the first of February, and now we are just kind of bouncing along something between half a percent real growth to 2 percent real growth,'' O'Neill said in an interview on Bloomberg Television. The aggressive interest rate cuts by the Federal Reserve -- 2.5 percentage points since early January -- have been ``very constructive,'' O'Neill said, and this has laid the groundwork for growth to move back toward 3.5 percent to 4 percent over the next six to 12 months.>> ___________________________________________________ RR: The optimism about the economy and the market continues to improve. I continue to stay quite fully invested...=) Best Regards, Scott