Was boom a dream?

Carl Remick carlremick at hotmail.com
Fri Feb 8 16:45:54 PST 2002



>From CBS MarketWatch chief economist Irwin Kellner, "Enron, Andersen and the
double-dip: Will debacle spread to economy?":

"Finally, if corporate earnings restatements become ubiquitous, can the economic statistics be far behind? Clearly, the government's measurements of the economy's performance depends in large part on the data it gets from Corporate America.

"If the profits many firms said they racked up in the latter part of the 1990s turn out to be crafted out of whole cloth, who is to say that the economic boom of that period wasn't a chimera as well?"

See http://cbs.marketwatch.com/news/story.asp?guid=%7BEF2FE72A%2DE4E1%2D4C53%2DA4C1%2D614E42A03E02%7D&siteid=mktw

Carl

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