Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 292.20

-1.2%

3:59 PM EST

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To: 16yearcycle who wrote (40431)	12/4/2000 6:15:47 PM
From: michael97123	Read Replies (1) of 70976

Eugene, Market didnt tank after re-liquification by AG in Fall 1998. He speaks tomorrow althought I do not know the venue. I believe we already have,in effect, neutral stance now. Bill Seidman on Friday said he wouldnt be surprised at all by a cut at December meeting. AG might want to telegraph that neutral stance and/or potential rate decline, to get the shoppers out to the mall. That's where the battle against recession will first be fought. We then need an immediate middle class, demand side tax cut and then a general rate cut. We have to lose the fixation on the surplus, certainly for this year. Spend it now with tax cuts and critical programs. Get back to debt reduction when the economy is healthy again. Gridlock and surplus worked for the past couple of years but could spell disaster if it prevents fiscal remedies on the demand side. Mike

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