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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