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

To: stockman_scott who wrote (8395)	10/24/2002 4:18:52 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

hey Fed: productivity NOT key, capex is, consumer debt is these guys are such hack economists they have an amazing capability of missing the keys greater productivity without capex and strong consumers will result in water treading for corp profits, and continued (but lower) layoffs if Ferguson is talking about a crippled man simply surviving shark infested waters, by treading, then maybe he is right but like the economy, this crippled man will continue to float only if he sheds some fat as companies will be shedding jobs but that will hurt spending and the confidence behind that spending a vicious circle of its own (independent of US$ cycle) / jim