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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (49303)	4/10/2002 5:28:09 AM
From: limtex	Respond to of 99280

mish - this time its not Abby J Cohen its the economists and serious economists at that and not just one of them.# These were some of the guys that were saying that the US had to slow down two years ago. They did see it coming. If business picks up that will automatically take up the slack. Same as all the unlit fibre that will also get lit and used quite quickly as activity expands. The economy has lost jobs and GDP has not reduced therefore on a crude measure goods and services are being produced by less people. That would seem to me to indicate a certain productivity gain and that is expansionary. Unemployment is a lagging feature so further increases in job losses can be expected but don't mean the economy is contracting, indeed the opposite. It is true that one does hear what one wants to hear some of the time but it isn't as though the conditions for a very firm recovery are missing. They are not. So it seems to me only a question of time this year before we see the impact of the huge stimulous that is in place. Best, L