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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: larry who wrote (54780)8/30/2001 11:23:42 AM
From: RetiredNow  Read Replies (2) | Respond to of 77400
 
wow, Larry, that's a big accusation, but I'm glad you said it. I thought the same darn thing. When I saw that 0.2% number, my first thought was that they had massaged the number to make it slightly positive, when it really should have been negative. I bet the powers that be didn't want to see what would happen to market sentiment if a negative number materialized. If you and I are right, then now they are involved in a modified kiting scheme. In other words, if the weakness persists, eventually it will come to the fore, but if they get lucky and the economy rebounds in the short term, then maybe they will have successfully dodged a bullet. My hunch though is that they have just delayed the inevitable. We are in a recession right now and no amount of obfuscation can hide that fact.



To: larry who wrote (54780)8/30/2001 12:02:09 PM
From: kvkkc1  Respond to of 77400
 
ot: I'd be more inclined to believe slick willy's staff was cooking the books moreso than I would be prone to believe the new guys are. Bush has called it like he's seen it since the beginning. I have my doubts about their prediction of 3.2% GDP growth for next year though. Without technology growth, our economy mimics the former East Germany economy, i.e., growth is non-existent.imo, knc