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

To: stockman_scott who wrote (3969)	8/6/2002 11:17:18 AM
From: Jim Willie CB	Respond to of 89467

stock market loves the upcoming recession prospect so far lower rates have NOT worked in stimulating recovery the 2001Q4 blip was purely tax refund plus federal stimulus to relieve airlines and fight terrorism now the investor community apparently believes more Fed easing would jumpstart the economy when Fed cuts so far, which are faster and deeper rate cuts than EVER SEEN BEFORE, have failed yeah, sucker's rally is a phrase that comes to mind I wonder if CNBC will ever offer advice that such rallies are great to sell into probably not get ready for either a recession next year or else something very close to one any shock waves to the system, and RECESSION I think the banking sector will deliver the shocks they are co-conspirators to the tech/telecom/dotcom crimes / jim