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To: Night Writer who wrote (94946)1/27/2002 9:58:11 AM
From: Elwood P. Dowd  Read Replies (1) | Respond to of 97611
 
The Recession's Over Because Greenspan Says So
By Jim Griffin
Special to TheStreet.com

The top 10 reasons that the recession is over are:

10. Because Chairman Greenspan said so in almost so many words.
9. Consumer confidence has rebounded.
8. Initial claims for unemployment insurance have topped out.
7. Inventories have been slashed to the bone.
6. The leading indicators index has spiked upwards.
5. The Enron/Arthur Andersen mess has erupted; there is often something nasty at the bottom -- recessions are morality plays as well as business corrections.
4. Trailing inflation rates at wholesale and retail levels now neatly bracket zero.
3. Interest rates have bottomed.
2.The stock market has bottomed.



To: Night Writer who wrote (94946)1/27/2002 3:23:54 PM
From: MeDroogies  Read Replies (1) | Respond to of 97611
 
ENE clearly broke the law. They wouldn't be shredding docs if they didn't.
Journalists (and other moronic politicians) are asking if the laws are "tough enough". While they could be tightened to prevent the kind of conflicts that AA had with ENE, the laws are tough, indeed. They just aren't enforced well enough. Journalists enable politicians to make the laws worse by asking "are the laws tough enough, did ENE break the law?", while ignoring the clear evidence that they did, in fact, break it.
I am constantly amazed at how stupid our media is...and I work in it.

CPQ, on the other hand, is being doubly vigilant these days. Houston, in particular, doesn't want a double dose of Bankruptcy.