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To: Bucky Katt who wrote (9083)	6/20/2001 1:49:23 PM
From: James Strauss	Read Replies (3) \| Respond to of 13094

NEVER BEFORE Industrial production has fallen in the United States for seven months in a row. There has never been a string of more than three monthly declines during the postwar era, except in times of recession. The U.S. unemployment rate jumped to 4.5% in April, a rise of 0.6 percentage point from the 3.9% prevailing in both September and October last year. Never in postwar annals has the jobless rate climbed by more than 0.4 percentage point, except in recession. Good articles William... When the majority of forecasters were saying second half recovery several months back, a bell went off that most of these people are usually wrong when there is so much unanimity... Here is something I posted back in February: To:William Jepsen who wrote (7948) From: James Strauss Saturday, Feb 17, 2001 2:16 PM Respond to of 9083 William: The economic numbers keep getting worse... The market may be questioning the broad consensus that the second half of the year will show a recovery... financialsense.com Jim Message 15370045 half Now with hints that all may not be well with the banks we could be seeing some public relations tap dancing to ease public concerns about financial liquidity... And those waiting for Alan Greenspan to lead us out of the desert shouldn't forget that he's the one who led us into the desert in the first place a year ago... Jim