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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (5573)	11/6/2002 11:46:05 AM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 24758

What do you think of John Kenneth Galbraith, specifically his views these days. Did anybody hear the NPR marketplace interview last night with Galbraith? It was odd. He basically said the only thing holding up the economy is consumer spending, specifically car sales. He attributed the increased auto sales to some sweetheart deal Bush made with the big-3 CEO's to sell cars for essentially no profits. Galbraith sees this coming to an end soon (consumer spending weakening) and another year of recession. Quite a contradiction to comments from Wayne Angell and other fed economists recently... otoh Galbraith is in academia now at UT Austin so he is a little more free to say what he thinks. Lizzie