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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (2404)12/11/2001 9:15:04 AM
From: moufassa7  Read Replies (1) | Respond to of 13660
 
Angel said he expects 3 more 1/4 point cuts after today at each of the next 3 meetings, bringing rate down to 1%. He feels economy will bottom in 1st quarter, but expects anemic recovery for the rest of 02. Capital goods production capacity will still be above consumption next year. If his scenario is correct, we will continue to see companies cut expenses next year to try to increase profits.


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