News Focus
News Focus
Followers 1062
Posts 44342
Boards Moderated 3
Alias Born 07/07/2002

Re: mlsoft post# 100617

Wednesday, 04/23/2003 5:41:31 PM

Wednesday, April 23, 2003 5:41:31 PM

Post# of 704041
Correction, the non political part I can respond here. You are underestimating the stimulus that a reduction from $38 to $26 in crude cost have, I estimate that to be at least a stimulus of $70 to $100 B...close to 1% of GDP and much more than the spread out stimulus of the proposed tax cut. Furthermore, the extra $80 B just authorized by congress will also trickle back into the economy. These two will prevent us getting back into a recession for few quarters, and the politicos goal is to keep us out of recession until the middle of next year, at least.

Zeev

AZH

Unleash the power of Level 2

Spot liquidity moves with access to US order books.

Sign Up