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To: oldirtybastard who wrote (13528)9/13/2001 5:41:48 PM
From: UnBelievable  Read Replies (1) | Respond to of 209892
 
DJ O'Neill -2: Prospects For Economic Rebound Unchanged

The only way that this could be true is if the prospects for a recovery were so bad before the events of this week that it was impossible for them to get any worse.

Is there any reason to believe that any of the statements being made by high government officials is any more true, or any less self serving, than this one?

Throughout history the ruling elite have used war as an opportunity to transfer wealth from the citizens to themselves.



WASHINGTON (Dow Jones)--Treasury Secretary Paul O'Neill said Thursday trading of Treasury securities was "successful."

The Treasury market reopened for a shortened day of trading after being shut since Tuesday in the wake of terrorist attacks on the World Trade Center and the Pentagon.

O'Neill called the reopening of the bond market "an important first step on the way back to full market operation." Stock markets are scheduled to resume trading Monday.

O'Neill also said there is "every reason to maintain confidence in the U.S. economy" despite the disruptions to business in New York caused by the attacks and two-day shutdown of air travel in the U.S.

"Our vibrant economy is not located in any one place," O'Neill said. "The prospects for a rebound remain unchanged." The U.S. economy grew at a weak 0.2% rate in the second quarter, but many economists have said they expect the pace to pick up later this year.

O'Neill noted that the nation's banks have remained open and continue to conduct normal business. He said the department "is working to minimize the disruptions to our financial system."

O'Neill also said he expected the supply disruptions that are being caused by the shuttering of airline flights this week "will be transitory, as transportation flows return to normal."