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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (49220)	4/1/2002 10:18:06 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

in 2000 few economists expected a recession now I see an economic stall, just like Vitner of Wachovia Despite the cautious words, which echo comments by most Federal Reserve (news - web sites) officials, including Fed Chairman Alan Greenspan (news - web sites), few economists see a double-dip recession as a credible threat right now. Business spending remains a question mark for both the central bank and private economists. Thus far, corporate profits have been relatively soft, breeding caution in executives and making businesses unlikely to increase wages or make other investments in the work force. "We've gone through a period where almost everything that could have, did turn positive for the economy," said Mark Vitner, an economist for Wachovia Securities in Charlotte, North Carolina. "I think the economy is going to hit an air pocket in the spring," he added, just as the Fed contemplates when it should start raising interest rates. / jim