"In the end, what happens will depend on what happens in the waron terrorism," says Dederick, who was a member of the Reaganadministration. "There's a war out there, and we don't even knowfor sure who our enemy is…we don't know how big it will be. GeorgeBush said we're going to eradicate evil in the world. That soundslike a big war to me."

The economy would react positively if the assault on Afghanistanturned out to be similar to Grenada, Dederick explained, not sowell if it turned into a prolonged stand-off similar in duration tothe hostage situation that dogged Jimmy Carter's final months inthe White House. However, he and Ratajczak agree the current waralready is somewhere in the middle.

"We thought we would've made more progress," Dederick says.

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