Letters to the Editor

Listen to the Fed, not The Bee

At the top of the front page on Jan. 23 was the headline "Halting economy's death spiral." Of course, this is not news, but an opinion. On the same day, the stock market (Dow Jones) gained 300 points. Obviously investors did not agree with the author of the lead article. Not only the positive showing of the stock market, the Federal Reserve and the Congressional Budget Office issued their opinion that we would not see a recession this year.

Obviously an economic slowdown is in progress. Should I believe the writer of the article or the more qualified Fed and CBO? Why didn't you put the report by the two government agencies on the front page?

As long as the public continues to spend, the effect on the economy will be minimum. Headlines like yours will increase the chance of a recession -- if anyone believes them.

AL KESSLER

Atwater

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