Recessionary Outlook

Excerpted from The Outlook Column: Page A1

"As bad as the economy may seem to some, it looks relatively healthy to the group (of economists). ...(however) Geoffrey Moore , who at 75 years of age has had a hand in declaring many modern recessions, gives his opinion even without being asked. Mr. Moore, director of Columbia University's Center for International Business Cycle Research*, recently noted the center's employment index has begun signaling recession. Newly pessimistic, Mr. Moore puts the odds of a recession at two-to-one in the first half."

*Please note that the CIBCR was closed in 1996 when Dr. Moore established ECRI.