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To: schrodingers_cat who wrote (128518)7/18/2001 4:44:47 PM
From: GST  Read Replies (2) | Respond to of 164684
 
Cat: I think the oil outlook is helpful in one sense -- but in another sense it is a warning sign -- it is warning of a spreading slowdown which is now increasingly likely to include US consumers as well as foreign economies. There is a domino effect and I am afraid their are more dominos falling every day. This has the potential to go on for another year. Lower interest rates will not necessarily stop the dominos from falling. This is not the normal pattern for recessions. It cannot be taken for granted that there is a recovery out there waiting to greet us in six months time. And as things get worse, the carnage can feed on itself.



To: schrodingers_cat who wrote (128518)7/19/2001 1:42:48 AM
From: craig crawford  Read Replies (1) | Respond to of 164684
 
>> I think that with consumer confidence about to get a boost from tax refunds and lower gas prices, and with low interest rates helping to keep construction strong, that the medicine should work as it usually does <<

the tax refund has been known for a while. lower energy prices should have an immediate effect. housing has been and continues to remain strong. with all these positives clearly apparent to the markets how come stocks aren't coming back?

think about that for a moment.



To: schrodingers_cat who wrote (128518)7/19/2001 1:49:50 AM
From: craig crawford  Respond to of 164684
 
>> If the patient needs more then non-existent inflation and the strong dollar give the Fed plenty of room to increase the dose. <<

it's too bad you and every other person i seem to observe on the business shows believe that inflation is out of the picture. i guess the upside is you guys will be buying hard assets from me at higher prices when you do finally decide to pay attention to it.