9/11: Redefining the markets?(World Trade Center attacks)(Statistical Data Included)

Futures (Cedar Falls, Iowa), November, 2001 by Jobman, Darrell

Much is still uncertain about what the Sept. 11 terrorist attacks will ultimately mean for the U.S. economy and markets -- they may be another sign of a deflationary trend, or they could trigger an inflationary period as a result of massive liquidity pumped into the marketplace. The key, as before, is the consumer.

In mid-summer the slim thread keeping the United States out of recession was consumer spending. Most economic statistics were looking pretty dismal, and nothing the Federal Reserve or the Bush Administration did seemed to shake the economy and the stock market out of their downward spirals. But consumers, who account for about two-thirds of the gross domestic product (GDP), remained more confident than might be expected, given the weakening...

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