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To: Paul A who wrote (10714)6/14/2001 9:07:14 PM
From: RockyBalboa  Respond to of 19633
 
Paul & Bocor, thanks.

Hmm:


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To: Paul A who wrote (10714)6/14/2001 9:44:56 PM
From: RockyBalboa  Respond to of 19633
 
biz.yahoo.com

Fed's Broaddus says economic outlook "very bright"
(UPDATE: Adds details, background)

RICHMOND, June 14 (Reuters) - Despite the dramatic slowdown in the U.S. economy, the outlook is ``very bright'', Federal Reserve Bank of Richmond Governor Alfred Broaddus said on Thursday.

``We at the Fed had wanted growth to moderate somewhat, and as things turned out it's moderated more than we expected or wanted,'' Broaddus said in a speech prepared for the Virginia Housing Coalition.

Nice description how the bubble went "Pfft!". In my eyes, much more "moderating" to come...