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To: jad who wrote (4491)	3/28/2002 5:14:29 PM
From: Joe Wagner	Respond to of 4808

Economy Grew at 1.7 Pct. in 4Q Thu Mar 28, 1:54 PM ET By JEANNINE AVERSA, Associated Press Writer WASHINGTON (AP) - The economy, knocked down by recession and terror attacks, snapped back at a stronger pace than previously believed in the final three months of 2001. "Some predict economic growth in the January-March quarter could be at a sizzling rate of 5 percent to 6 percent. Others forecast a rate in the 4 percent range. Growth should be helped along as the Federal Reserve (news - web sites)'s 11 interest rate cuts last year make their way through the economy" story.news.yahoo.com ---------- If the economy grows 4% in the Jan-March quarter, then what will the Apr to June qtr be, 6%, and July to Sept.qtr, 10%? If that were to happen, with no inflation, I think the stock market would have to double or triple by then. Nasdq 3700 or 5400 by Sept? 6% to 10% growth would mean factories would ramp up dramatically at some point, like someone flipping a light switch. Maybe a broadband boom will finally materialize, if the U.S. economy reaches levels way above 10% growth and proves the Internet really has brought a new economy. For now, the manufacturing sector is still totally dead and this seems impossible. Joe