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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (118361)	8/25/2001 6:59:11 PM
From: ild	Read Replies (1) \| Respond to of 436258

August 27, 2001 Barron's Features Leo's Roar The economy and the stock markets face a long road to recovery By JACQUELINE DOHERTY Don't let the rate cuts fool you. The U.S. economy is in far worse condition than a little tinkering with the money supply can fix, or so says Leo Hindery. Best known for leading the resuscitation of Tele-Communications Inc. and engineering the cable giant's $59 billion sale to AT&T, Hindery was among the first to forecast the decline of the telecom industry. He delivered speeches early this year warning of too many players and too much capacity in the industry -- before stock prices melted. Today Hindery remains dour. He's concerned that overcapacity in everything from telecom and technology to manufacturing and high-end real estate will continue to dampen economic growth despite the Federal Reserve's best efforts. URL for full Article: interactive.wsj.com