|
PureBytes Links
Trading Reference Links
|
If I am not mistaken, these two paragraphs appeared in Mauldin's latest free
weekly newsletter available at www.2000wave.com. The quoted material was
excerpted (by Mauldin) from Dennis Gartman.
Earl
----- Original Message -----
From: "profitok" <profitok@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <gannsghost@xxxxxxxxxxxxxxx>; <wheelsinthesky@xxxxxxxxxxxxxxx>
Sent: Saturday, September 07, 2002 6:12 PM
Subject: [RT] the big economic picture
> taken with permission from a banker
> "...[I have been made aware]of a very unusual "paper" written by Mr.
Norbert Walter, the Deutsche Bank's chief economist, and a gentleman not
given to hyperbole. Mr. Walter apparently has become more and more concerned
about the very stability of the global economy after returning from an
extended trip to Asia to see firsthand what is taking place there. He is now
concerned that unless the central bankers of the world change their policies
materially the world shall slip into 'a second leg of recession... combining
with deflation.' He said in a letter now being circulated to the major
central bankers:
>
> "... around the world, the indicators leave no room for talk of an
upswing. The economy is in a downswing as declining capacity utilization and
increasing unemployment show. Recession cannot be ruled out, considering the
multitude and seriousness of the trouble spots and potential risks to
economic growth..... The people at the top seem to be losing the sight of
the big picture. Pro-cyclic policy is being declared the only politically
correct attitude."
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Looking for a more powerful website? Try GeoCities for $8.95 per month.
Register your domain name (http://your-name.com). More storage! No ads!
http://geocities.yahoo.com/ps/info
http://us.click.yahoo.com/aHOo4D/KJoEAA/MVfIAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|