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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (19098)	7/29/1998 11:03:00 PM
From: James Strauss	Respond to of 50167

Lee: Friday 31 July 1998 Commerce Department releases its report on Advance Gross Domestic Product for 2nd quarter at 8:30 a.m. EDT. Estimate: +0.2% 1st quarter actual: +5.4% 4th quarter 1997 actual: 3.7% e-analytics.com ******************************************************************** Reduced Earnings Expectations... provnet.com ******************************************************************** Earnings are slowing down... Revised earnings estimates that are way down from original estimates are cheered when the low numbers are met... The Gross Domestic Product estimate above shows a dramatic decline... If interest rates aren't reduced we will go into recession... The Asian Flu will be affecting us to a greater extent in the next few Qtrs... We can look at all the statistics we want to... But, when earnings and GDP are falling, a warning bell is sounding... Unless something is done to increase earnings and GDP, the economy can slip into recession... It's happening around the world and it can happen here... Alan Greenspan knows this... I hope he doesn't become Alan Hashimoto... Jim