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Technology Stocks : WDC/Sandisk Corporation

WDC 180.83

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1:12 PM EST

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To: limtex who wrote (19084)	2/12/2001 1:49:54 PM
From: hueyone	Read Replies (2) of 60323

Limtex, Even though the Fed may have over tightened in '99 and '00 (imho), I respect Mr. G more than I respect any politician---Democrat or Rebublican. When the Fed makes changes in the interest rates, they are targeting where they think the economy will be six months out. The full impact of interest rate changes generally is not distributed through the economy until six months after the change. Can you imagine having to accurately predict whether the economy will be six months out and whether it will need a stimulus or tightening at that time? As I said before, this is as much an art as it is science. On balance, it certainly appears that Mr. G has done a wonderful job. Apparently both Republican and Democrat administrations agree and that is why Mr. G stays on the job across multiple administrations. You can thank Mr. G for a ten year run in the economy without major inflation or a major recession. Those on SI who deride Mr. G as a stupid, old, out of touch, irresponsible, or conspiratorial fuddy duddy only serve to lessen their own credibility in the process (imho). Best, Huey

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