CLOUDY CRYSTAL BALL

Publication
Article
Physician's Money DigestJune15 2003
Volume 10
Issue 11

Where the postwar economy isheaded is still anybody's guess.Positive signs like lower oil priceshave suddenly appeared less rosy, asincreased Israeli-Palestinian tensionsand heightened terrorist activityhave spooked the oil market.And gloomy job statistics show aneconomy that is slow to recover,shedding jobs instead of addingthem. On the other hand, consumerconfidence, usually a signal thatAmericans are willing to open theirwallets and buy, has reboundednicely from prewar lows, and thestock market's venture into theblack for the year has done a lot toimprove the market's psyche. Thekey is corporate spending, mostfinancial gurus say, and many predictthat the third quarter will showa budding recovery in that area.

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