Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 39.99

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Oct 31 9:30 AM EDT

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To: Yaacov who wrote (26864)	4/8/2001 3:24:41 AM
From: Sonny McWilliams	Read Replies (1) of 27012

Yaacov. I have to agree with your post to Frank. Until about a year ago I held A.Greenspan in great regard. But something is going on with him. I have listened to almost every speech he has given in the last year and I am stunned about what he is saying. He is doing a lot of waffling. You are so right. He messed this economy up but good. He raised the rates way too long and then lowered them way too slowly. And all this in the name of targeting the wealth effect. First, supposedly, he worried about inflation and then he worried continuously about wage pressures. Well, it never happened. The only thing that happened is this lousy economy. Greenspan and company are way behind the ball. Only a full point rate cut immed. will do this economy some good imo. And then even that may not do the trick right away. I am convinced that he had a lot to do with the demise of this so called new economy. The cos. came public and everybody knew they had to come to the market for new money. But money got tight. I am not saying that the stocks of those cos. didn't go up way too high but he took care of that in one big hurry. And this is hurting cos. all around. He took the rug out from underneath the economy with his I giveth and I taketh. Yes, this economy seems to be dependent on one man who is not accountable to anyone. I think in this day and age something should be done with the way the FED operates behind closed doors. There has to be some more accountability. Who needs a President and a Congress when you have a FED Chairman, it seems. These ramblings are, of course, only my humble opinions. The FED got his powers under Hamilton and I believe it's time to change this. Enjoy your Sunday. Sonny

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