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To: patron_anejo_por_favor who wrote (133797)	11/9/2001 9:02:39 PM
From: Shack	Read Replies (1) \| Respond to of 436258

Great synopsis form Noland regarding the economic dichotomy which currently exists: From the financial networks to my readings, it appears the economic consensus expects a typical recession, of the shallow variety with recovery coming probably mid next year. It seems rather silly, and surely unsuitable, to describe the current environment in terms of ther "typical" or "normal." Ponder this: October saw the most job losses since May of 1980, while vehicle sales posted their strongest month ever. We will easily set a new record for mortgage credit growth this year, and the U.S. economy is on track for one of the strongest years of sales for both autos and homes. At the same time, a panicked Fed aggressively cuts interest rates to the lowest level since the early 1960s. This environment is categorically atypical. prudentbear.com