Wallstreet Journal frontpage briefs for Wednesday, January 3, 2001 says:
"The average stock fund lost 1.67% in 2000 after posting double-digit annual gains
from 1995 through 1999, according to a preliminary estimate. The average tech fund
plunged almost 34%."
Charles
>>> [EMAIL PROTECTED] 01/02/01 08:33PM >>>
"In these crises, there breaks out an epidemic that, in all earlier epochs,
would have seemed an absurdity--the epidemic of over-production." More on
this capitalist trend, though in different terms, i.e., "slowing demand,"
from the Jan. 2 Financial Times.
Seth
US factory output plunges sharply in December
By Peronet Despeignes in Washington
Published: January 2 2001 16:12GMT | Last Updated: January 2 2001 19:51GMT
Activity in the US manufacturing sector, buffeted for much of the past year
by higher energy prices, greater borrowing costs and slowing demand, has
plunged to its lowest level since the 1990-1991 recession, according to a
widely-watched economic barometer.
The National Association of Purchasing Management said its factory activity
index, based on a monthly poll of manufacturing executives, fell from 47.7
in November to 43.7 in December - its sharpest drop since June 1996 and its
lowest level since April 1991. According to the National Bureau of Economic
Research, which officially designates such events, the last US recession
officially ended in March 1991.
The factory activity index over the past 15 months has fallen at the
sharpest rate, 23.7 per cent, since March 1985.
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