ya, right...
and he goes on seling more stocks...
Perry
[in Vegas they call that being a shill]
----- Original Message -----
From: Mark Jones <[EMAIL PROTECTED]>
To: crl <[EMAIL PROTECTED]>
Sent: Saturday, February 03, 2001 20:33
Subject: [CrashList] FW: New On Dr Ed's Economics Network
>
> [apropos of whether or not there'll be a real recession, here's what
Deutsche Bank's
> Ed Yardeni thinks -- and it is true that the markets have come back a
little: is
> this a dead-cat bounce, or is Wall St already anticipating the next
*upturn* beyond
> the present slowdown? If Yardeni and others are right, there will be no
real
> recession. The loco will keep on accelerating until it falls right off the
> energy-depletion cliff...]
>
> Subject: New On Dr Ed's Economics Network
>
>
> Saturday evening, February 3, 2001
>
> COMMENT: In June 1988, I wrote a Topical Study titled "The Coming Shortage
> of Bonds." At the time, the notion was farfetched. Not any more. Indeed,
> according to our well-informed friends at Wrightson.com, the 30-year
> Treasury bond that will be auctioned on Thursday will be the last long
bond
> issued by the Treasury until the middle of the next decade. The
> Congressional Budget Office now projects budget surpluses totaling $5.6
> trillion over the next 10 years. This awesome sum provides lots of room to
> cut taxes and increase spending, while still paying off the remaining $2.8
> trillion in public debt--which I think may not be such a good idea. Fiscal
> policy will be very stimulative this year. So will monetary policy.
Indeed,
> the Fed has already cut rates by 100 basis points even though the jobless
> rate remains at the lowest level since the early 1960s! This is why I've
> been saying that the recession is over as far as investors are concerned.
>
> http://www.yardeni.com
>
>
> _______________________________________________
> Crashlist website: http://website.lineone.net/~resource_base
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