“The economy is in the process of turning a corner and appears headed down once again.”
There is the perception, promoted by the financial media, that a positive end to the war in Iraq will bring an end to economic problems. And while we all desire a quick end to the hostilities, that event should not be looked upon as a savior for the economic problems we face. There has been the re-emergence of a considerable amount of negative economic data indicating the economy is decelerating again after experiencing a slight recovery last year. The economy is in the process of turning a corner and appears headed down once again.
Jim Shepherd from a Newsletter in The Shepherd Investment Strategist
April 7, 2003