Forum Archive Index - September 2001

["hugh webber" <hugh.webber@clear.net.nz>]

The US markets seem to have alternate days of good and bad news, sometimes the 
bad news goes for
several
days. 
For those getting demoralised by the scribes beat-ups (one scribe - obviously a 
non-economist said
Greenspan should stop cutting interest rates as it scared the markets.) - 
I recommend the below where it is pointed out that unemployment is a lagging 
indicator not a
leading indicator. It also predicts US growth of 3% next year. Note that 
mainland China which I saw
somewhere is predicted to have the world's largest economy later this century 
(I think it was 2025)
is continuing to expand at 7% a year.
I also note for what its worth from digging around in the Bloomberg site a 
couple of days ago that
US profit warnings are now slowly declining. But we don't want to know good 
news if we're a scribe
do we? Doesn't make such a good story does it.

P.S. At least sharechatters can't say they weren't warned on Air NZ after the 
earlier discussion
this year quoting Buffett that airlines are commodity stocks and Buffett 
doesn't buy commodity
stocks. Buy value stocks for a reasonable period is the answer.

U.S. Treasury's O'Neill Says U.S. Economy Is Showing Signs of Recovery
The U.S. economy is emerging from a slowdown that sent unemployment to a 
four-year high last month,
reassuring Asian countries that the biggest engine of global growth won't drag 
the world into
recession, Treasury Secretary Paul O'Neill said. More...




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