Unless you see the Four Horsemen of the Apocalypse cantering down Main Street, you'll probably make it through just fine. And it wasn't just one quarter of rapid growth.
Normal growth is half that.
Kenneth Heebner, manager of CGM Capital Development, says the collapse of technology and Internet stocks could push the economy into recession. Others aren't so worried. Richard Hoey, chief investment strategist at the Dreyfus funds, blames the Federal Reserve Board's interest rate increases in 2000 for the slowdown. He's looking for slow growth for the first half of this year. You don't need to be an economist to sense that the economy is, in fact, winding down.