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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?


To: Crossy who wrote (3148)3/8/2002 2:01:16 PM
From: Crossy  Read Replies (1) | Respond to of 37387
 
re: LARRY KUDLOW's take on current affairs..

BYE BYE BABY RECESSION
nationalreview.com

His take:
Recession over
V-shape recovery - market ready to bounce
GOP Victory in November's midterm elections
Consumer spending resilient

Interesting thought:
"For those analysts who blame the recession on the so-called dot-com bubble — or over-investment on Internet companies — it's worth noting that capital expenditures in both the new and old economies fell by roughly the same 11% this recession. At the peak of the last recovery cycle technology spending contributed about one-third to economic growth. Look for it to contribute as much or more in the new recovery"