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Dave Gaffen talks about the global economic situation, the recovery scenario, mortgages and more.

One more big rate cut by the Fed may be just what the economy needs.

Job losses were concentrated in the manufacturing sector. Wage growth was strong again.

Job losses were concentrated in the manufacturing sector. Wage growth was strong again.

The jobs report for July could show that sectors considered safer are now being forced to ax employees.

Don't Believe the Hype on GDP

07/26/01 - 03:04 PM EDT

Last quarter's declines in business and consumer spending, not the narrowing trade deficit, are going to drive the GDP report.

A number of factors might end up making the data look better than the actual strength in the economy.

Economists expected a 0.8% decline. The report shows businesses aren't investing any money in capital.

The Fed chief says prices on steel, aluminum and copper are better suited to showing what industrial activity is doing.

Dave Gaffen Chats on AOL, July 25

07/25/01 - 02:21 PM EDT

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