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Mix-Ansicht- USA is on the edge of a golden age of prosperity - Fisher revisited - JüKü, 25.06.2001, 08:01
- "Stock prices have reached what looks like a permanently high plateau" (owT) - Boyplunger, 25.06.2001, 14:15
"Stock prices have reached what looks like a permanently high plateau" (owT)
>Treasury Secretary Sees 'Golden Age'
> The Associated Press
> Sunday, June 24, 2001; 1:49 p.m. EDT
> WASHINGTON -- Treasury Secretary Paul O'Neill said Sunday that the
> country is"on the edge of a golden age of prosperity," describing the current
> economic slowdown as an"adjustment period."
>"I think we're not doing badly for the kind of correction that we're in right
> now," O'Neill said on ABC's"This Week."
>"It's easy to find gloom and doom, but consumers are hanging in there, their
> spending rates are still quite good," O'Neill said."The contraction occurred
>... in the investment sector, where we had an overexpansion."
> The Treasury chief was less optimistic about the future of Social Security.
>"We're headed toward a situation where we're going to have a lot more
> people retired and a lot fewer workers providing payroll taxes, that we've
> got to do something different," he said.
> The answer, he said, is the Bush plan to let workers invest some of their
> Social Security contributions into personal savings accounts.
>"It's a big idea," O'Neill said."It's time for us to make every American into
> a wealth accumulator, not a creator of an entitlement benefit."
>Quelle: Washington Post
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