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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (2170)	7/15/2002 3:12:54 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

The Dollar and Markets Fall in Rhythm thestreet.com <<...President Bush said the economy is "fundamentally strong" and has the "foundations for growth." But the speech was little more than a rehash of his comments last week, particularly in terms of concrete action to restore investors' faith in corporate America. Tellingly, the market's reaction was the same. Perhaps the statement that resonated most with traders was Bush's acknowledgement the economy is suffering from a "hangover" from the "economic binge" of the 1990s. Many bearish observers have said for some time now that the history of other post-bubble eras suggests the U.S. stock market and economy will suffer an extended period of weakness as the excesses from the 1990s are wrung out. Such histories are being increasingly discussed in the media and have contributed to an ongoing exodus from stocks by retail investors...>>