Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (232191)	3/30/2003 12:57:58 AM
From: ild	Read Replies (1) \| Respond to of 436258

afr.com ... Bush appointed Lindsey as his chief economic adviser for the first two years of his term, replacing him last December. Lindsey now runs his own consultancy, the Lindsey Group. Like Bill Gross, Lindsey has serious concerns about the underlying strength of the US economy, though for different reasons. ... "The damage that the bursting of the bubble did to corporate America's balance sheet is a lot worse than we thought it was," he says. "It's going to be a drain on corporate cash flow for some time.'' With Japan's post-bubble experience in mind, this will lead to stagnation unless two things are done, Lindsey says. "First, companies have to make active balance-sheet repairs. Second, they need the economic growth to generate the profits to give them the ability to make those repairs." Les found the link. Les, thank you for digging our great information.