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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: kdavy who wrote (63490)	5/7/2002 2:18:13 PM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

Econ guru sees no risk to recovery: "The 6.5% rise in non-farm GDP, coupled with 0.4% drop in aggregate hours worked, suggests productivity rose at a huge 7% pace, the fastest growth since 4Q1999...Despite the equity market's nervousness, this means that corporate profits must now be rocketing. There is no reason to believe the wheels have come off the recovery. They aren't even loose." Ian Shepherdson, Chief US Economist, High Frequency Economics, Daily Notes on the US, 5/4/02 (by e-mail)