Word: bb
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...BB: It doesn't look like it. But it does seem that in general, the recent troubles are factored in - that portion of the survey only inched up a tiny bit. What's significant is the long-term outlook - all along we've been looking for that to reverse itself, because that's what's affecting most of Americans' spending decisions - and that's where the good news...
...BB: We don't know. So far, the indicators, especially unemployment and consumer confidence, seem to bear Greenspan out that the worst is over. But if the falling markets do wind up really rupturing consumer confidence, then all of Wall Street's nightmares could come true...
...BB: Wall Street is convinced the worst is still ahead, and that the Fed has room to cut a lot more than it has. They don't see any relief for earnings, and they think that's going to lead to more layoffs down the road once companies have to cut costs further to be profitable...
...BB: I told you it was tricky...
...BB: Well, OPEC isn't trying to cause a global recession - if it turns out they've cut production too much, they'll probably be responsive with a change of direction. And Bush will also be able to look to Mexico, just as Europe will look to Norway...