|
PureBytes Links
Trading Reference Links
|
Ralph: The day after the tragic event there were
posts between myself and another list member discussing the importance of
airlines to the economy... One Congressman vetoed a bill that would have bailed
out the airlines before the mkt reopened.... Airlines are used for not just
business and pleasure but obviously required to move mail, goods and
services. Because of the fear of terrorist activity there is some
speculation that some of the cargo business that airlines have enjoyed may now
be moved over to UPS Fed Ex Airborne....... as these planes are viewed as
not being terrorist targets. As I had mentioned in a previous post the
airline industry is the engine to our economy and it runs at a razor thin
profit margin so the time they were shut down and until business as normal
whatever that is going to be in the futre settles in there will be serious
trickle down effect into the economy.
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Ralph Volpe
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, September 25, 2001 1:12
AM
Subject: Re: [RT] S & P MMS sees
larger U.S. growth drop in Q4 & Q1
Dorothy, there are several factors that aren't being considered
in the last post. The assumption is that the airline and tourism crisis is
going to damage this economy. It may, but there are some real good reasons to
see this as a plus. Let me give you alternate ideas. First, the airlines are
mainly supported by business travel. Without business travel, which mostly
isn't necessary, do you realize how much money companies can save? This money
will be cranked back into their infrastructure. What we still haven't seen,
and this befuddles me, is why there wasn't an explosion in business after year
2000 since companies no longer needed to fund expensive programs to protect
against programming catastrophes. As for tourism being hurt, most of that
involves spending American dollars in some other country with only a limited
number of agents being hurt here. I think a lot of money will remain in
America and this will help the balance of trade and further support the
dollar. Hotels may be hurting now, but that's only temporary until people
adjust to using their cars to travel. Well, this may be just ramblings, but I
hope I'm right.
Ralph
"Dorothy K. Carter" wrote:
My guess is that after revisions
that Q3 is already negative before 9-11 <FONT
face=Quotrone><FONT
size=-1> --------------------------------------------------------------------------------
09/25 12:31A (RT)S&P's MMS sees
larger U.S. growth drop in Q4 <FONT
size=-1>Story 4790 (I/ASIA, I/AAA, I/TCF, I/DBT, I/US, I/ECI,
H/) In
alert "S&P SAYS ASSUMING 1.5 PCT GDP DROP FOR US IN Q4
2001, 1.5 PCT GAIN IN Q1 2002" please
read statement was from <FONT
size=-1>Standard & Poor's MMS instead of from S&P. (Clarifying
source of <FONT
size=-1>statement) <FONT
size=-1> The story follows: <FONT
face=Quotrone> HONG KONG, Sept 25 (Reuters)
- Standard & Poor's MMS said on <FONT
face=Quotrone>Tuesday it had changed its growth assumptions
for the United States
economy to a 1.5 percent fall in the fourth quarter of
2001 and a 1.5 percent gain in the
first quarter of 2002 <FONT
size=-1>following the devastating attacks in New York and
Washington. <FONT
size=-1> "The contraction underway in the airline industry
is clearly substantial
and we would expect associated weakness in the <FONT
face=Quotrone>business travel and tourism industries to
significantly impact <FONT
size=-1>employment and GDP in Q4 and Q1," it said in a
statement. <FONT
size=-1> ((Hong Kong Newsroom +852 2843-6934, Fax +852
2845-0636 <A
href="mailto:hongkong.newsroom@xxxxxxxxxxx";>hongkong.newsroom@xxxxxxxxxxx))
REUTERS <FONT
face=Quotrone>Rtr 00:31 09-25-01To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
Yahoo! Groups Sponsor
<font face=arial
size=-2>ADVERTISEMENT
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|