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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?


To: jlallen who wrote (6626)9/10/2001 8:29:34 PM
From: Lazarus_Long  Read Replies (1) | Respond to of 93284
 
BAAAAAD NEWS.... if you're a demolib. Real bad.

The forecasters were pessimistic because business sector is still struggling with far less investment and profit than hoped for.
Of course. That's one of the side effects of the reckless capital spending that occurred during Slick's Bubble.



To: jlallen who wrote (6626)9/10/2001 11:26:13 PM
From: portage  Read Replies (1) | Respond to of 93284
 
LOL ! The same ones who called for a second half recovery and a market bottom in April, no doubt. You ain't seen nothin' yet.

These guys are scared to death. Their PR will not circumvent reality. At best, a brief bounceback is likely before the grind resumes.

Try reading a little Roach for the unvarnished version.

The calls for a capital gains cut now are hilariously inept too.

1. Wakeup call : there ain't too many capital gains out there right now.

2. Can you spell rapidly widening budget deficit ?

3. Those who rush into selling their capital assets to take advantage of a lower rate will tank the market further.

4. I saw a figure today that about 18% or so are actually spending the tax rebates (the rest are mostly saving or paying down their burdensome debt loads).

Bunker down, boys. Bush Recession II is barely starting to get stoked up. Wait until derivatives implosions hit the news again. The financial cowboys have run amuk, and now we're supposed to rely on a hillbilly cowboy to lead us out of this ? Get out there and buy yerself an SUV, by golly !

Good grief.