Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Paul A who wrote (17155)	12/10/2001 11:53:56 AM
From: Ashley800	Respond to of 19633

Recession to End Soon - Blue Chip Survey Dec 10 11:02am ET WASHINGTON (Reuters) - The U.S. economy should pull out of its recession soon but the recovery may be lackluster initially, the closely watched "Blue Chip" economists' survey predicted on Monday. "With surprising swiftness, the focus of discussion about the U.S. economy has shifted from the extreme gloom that prevailed in the month and a half following the Sept. 11 terrorists attacks to rising optimism that signs of an eventual recovery are already beginning to emerge," a summary of the latest poll of economists said. However, it added, "Whether the newfound optimism is misplaced or simply premature remains an open question." Economists in the December poll by Blue Economic Indicators, a Kansas City, Mo.-based newsletter, projected that U.S. gross domestic product would contract by 1.3 percent in the current fourth quarter. While still recessionary, that projection is not as gloomy as the 1.9 percent decline predicted for that quarter in the November Blue Chip poll. The newsletter noted that consumer spending has held up better than expected so far, portending a milder contraction. A fourth-quarter GDP drop would mark the second quarter in a row that economic output has shrunk. GDP is expected to move into the plus column in the first period of 2002 but only marginally so, according to the poll. In the latest poll, which was conducted Dec. 3-4, Blue Chip pegged first-quarter growth at 0.4 percent, a notch lower than the 0.5 percent rise predicted in November. The poll forecast growth of 2.6 percent in the second quarter of next year and 3.8 percent in the third quarter. Such figures would clearly be consistent with a recovery but not a particularly vigorous one. According to the National Bureau of Economic Research, considered the arbiter of U.S. business cycles, the U.S. economy entered a recession in March, ending a 10-year expansion that was the longest in history.

To: Paul A who wrote (17155)	12/10/2001 2:01:47 PM
From: Tom Hua	Read Replies (1) \| Respond to of 19633

Paul, it may be time for you to recycle GNSS? Regards, Tom