Letters: Jan. 29, 2001

Slowdown of the New Economy

"I can think of no better way to generate an economic downturn than to have the media convince everyone that there is one." MIKE MAHANNAH North Vancouver, B.C.

Will there be a recession [BUSINESS, Jan. 8]? The performance of the stock market provides an interesting view of business conditions, but that certainly is not a full measure of the New Economy. Savings are down. The money has to be going somewhere. My guess is that a great deal is being invested in real estate. There is only a recession in the eyes of the media. The...

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