To the economists on the list

Gary MacLennan g.maclennan at qut.edu.au
Mon Sep 17 19:08:34 MDT 2001


Questions from a total economic illiterate:

How serious are the falls on Wall Street?

Will all this panic on the Exchange plunge USA into a recession (and with
it Australia)?

Don't the rate cuts now risk undermining the US dollar?

Don't they give the impression that Greenspan is panicking?
Is he panicking?

Will the war preparations help the USA economy?


How low can the Stock Exchange go in Tokyo without producing some kind of
melt down in the Japanese economy? I thought 13 000 was the figure but
yesterday the index went below 10, 000.

Regards

Gary

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