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To: Petrol who wrote (146055)1/24/2002 10:02:42 PM
From: Petrol  Read Replies (1) | Respond to of 436258
 
I was just thinking that something's pretty fishy when the chairman of the federal reserve is forced to eat his words in front of congress, no less.

And another thing is, I'm not buying the decrease in unemployment from last month. Perhaps because I believe there is still some shred of respect for the holiday season and companies just laid off fewer in consideration of the time of year. (but watch our for jan and feb). I follow the numbers laid off in this country each day (not *that* closely, but i keep an eye on it some) and they're not getting better - people are getting laid of by the thousands, every day...

Oh, forgive me, I forgot: Enron was kind enough to screw everyone up their collective butts in december and is currently being allowed to walk away snickering while people are pleading the 5th... in front of our congress, once again.

Oh yeah, and I like it when the former SEC chairman is talking about how there are many more companies like Enron out there and it's brushed off like dandruff. Hell, if HE wouldn't know more the general public, who would??

Is all THIS what makes up a recovery? I don't think so.

Something's fishy.



To: Petrol who wrote (146055)1/25/2002 6:23:49 PM
From: pater tenebrarum  Respond to of 436258
 
i absolutely agree. before this is over, America will be cured from its infatuation with the stock market, the hard way and for a long time. the lesson that needs to be re-learned every three generations is about to be taught again.