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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (25080)1/20/2003 11:08:28 AM
From: LTK007  Read Replies (1) | Respond to of 30712
 
War Clouds Cast Long Shadow on Economy
Sun Jan 19, 7:42 AM ET Add Business - Reuters to My Yahoo!


By Tim Ahmann

WASHINGTON (Reuters) - A cloud of uncertainty from the prospect of a U.S. war with Iraq is casting a dark shadow on the world's richest economy, which entered the new year with a worrying lack of momentum, economists say.

Relentlessly weak data released in the past few weeks are making what the Federal Reserve (news - web sites) last year dubbed a "soft patch" look potentially more ominous and lasting.

"I think the prospect of a war in the Middle East is exerting a very big drag on things," said Doug Lee, who heads the consulting firm Economics from Washington.

Lee and other economists said questions >>http://news.yahoo.com/news?tmpl=story2&ncid=1203&e=1&u=/nm/20030119/bs_nm/economy_war_dc&sid=95609869