I see this quote on some stock market oriented web site, but I was unable
to discover a source. Is this an urban legend quote?
On Tue, Jul 31, 2001 at 12:41:31AM +0000, Rob Schaap wrote:
> "The fate of the world economy is now
> totally dependent on the growth of the U.S.
> economy, which is dependent on the stock
> market, whose growth is dependent on about
> 50 stocks, half of which have never reported
> any earnings."
>
> former Federal Reserve Chairman Paul Volcker,
> September 1999
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
