March 16, 1999

As the first quarter comes to an end, the economy is surprisingly strong, theres little or no sign of inflation, and the stock market continues to climb into record territory. We attribute the economy's strength, in large part, to the Y2K or millenium bug. We believe that individuals and businesses, preparing for the worst, have accelerated much of their planned purchases into this year. This has led to stronger than expected real GDP growth. But to the extent that the millenium bug causes a temporal shift we expect the economy to slow after years end to work off the accumulated inventory.

You must have an active account to view these reports. You may register for a trial here

Download Complete Report in PDF Format

Download Complete Report in Word Format