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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Saulamanca who wrote (77693)	5/31/2001 7:50:29 PM
From: ajtj99	Read Replies (2) \| Respond to of 99985

Jim, great article from The Street. One thing we'll have that is fairly unprecedented is the infusion of cash directly into the pockets of consumers via the tax cut. That $52-Billion will start the supply chain moving in July, IMO, and will be spent robustly in August and September. It should also help boost consumer confidence, which is also very important for the near term. Without that money, I'd say we would have had a recession for certain (2-quarters of negative growth). With it, we may still have a recession by a technicality, but not by the broadly understood definition of 2-Qtrs of negative GDP.

To: Saulamanca who wrote (77693)	5/31/2001 11:38:29 PM
From: Chuck Williams	Read Replies (3) \| Respond to of 99985

RE: Recession... My father is a truck driver - hauls cars to the ports in Houston and Jacksonville to be shipped overseas. I was chatting with him last week when he pulled into the port at Jacksonville and all of a sudden he started laughing... He said he has NEVER seen so many new cars just sitting around. Parked in empty lots, fields, anywhere there was space to put them. "As far as the eye can see" is a quote, if I recall correctly. I also noticed yesterday that a local Ford dealer had a heckuva lot of new pickups parked in a parking lot across the street of the dealership. Zeev: I wonder if the US might enter a recession a little earlier than next year? CW