(Untitled)- August 1, 2002 "Tech Recovery Under Way" Interesting piece in the San Jose Mercury News, making the case that we've certainly bottomed and the tech recovery is underway. Spending on infotech equipment has been up the last two quarters, and the folks who -- it now turns out correctly -- told us that the recession began last March are telling us that the recovery is really well under way: The reason so many economists missed the recession, said ECRI director Anirvan Banerji, is that they base their...http://radio.weblogs.com/0103609/categories/techEconomics/2002/08/01.html#a87 (Untitled)- August 1, 2002 Perspectives on the GDP report GDP for last quarter came out today at 1.1%, half the expected 2.2% and much lower than the first quarter's revised 5.0%. a few thoughts: But "looking forward, it's already in the cards for the third quarter that you're going to see a re-acceleration of growth. And the reason is consumption was up sharply in June and the retail sales look strong for July." Mickey LevyChief economist, Bank of America in New York The weaknesses primarily came from the estimates for.http://radio.weblogs.com/0103609/categories/techEconomics/2002/07/31.html#a86 |