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To: Sam Raven who wrote (713)11/7/2001 11:13:36 AM
From: richardred  Read Replies (1) | Respond to of 1567
Sam: On lasting long, I would agree. It might seem scary here , but in Japan it's a normal coarse. It takes a lot of stimulus there for people and business to spend their money. IMO-not so much over here. I think the 0% interest rates by the big autos are seeing consumer interest. Also refinancing and home equity loans for durable goods could help our economy. The statement "the long-term prospects for productivity growth and the economy remain favorable" worries me without a tax incentive package (accelerated depreciation)on capital equipment for business. IMO-the new spending can lead to productivity growth. This by the new equipment replacing less inefficient equipment, using less people. Without a business incentive of some kind. I see business delaying or spending less. We still also have the worry that another event,here or someplace (outside the U.S.)might destroy consumer confidence here and abroad.