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Politics : Formerly About Applied Materials

AMAT 323.41

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12:11 PM EST

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To: Dale Knipschield who wrote (49683)	7/24/2001 12:43:55 PM
From: Mark Marcellus	of 70976

Nothing new here with Bunning. Message 13421555 Greenspan did respond to Bunning today, he said that he was hearing from the same people the Senator did, and that it wasn't the overall economy having trouble at the time, it was narrow sectors of the economy. Implied in Greenspan's response was that a slowdown in those particular sectors was a welcome development for him, because those sectors were legitimately overextended. I maintain my opinion from last September. Jim Bunning was a great pitcher but would make a lousy economist. I also don't understand all this upset about Greenspan and the slowdown in the economy. At this point we all seem to agree that there was a bubble. Bubbles burst, the results are messy and nasty, and there's not much anyone can do about it. There are many sins which can be laid at Greenspan's door, but pricking the bubble isn't one of them. Now causing the bubble...

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