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Technology Stocks : All About Sun Microsystems

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To: Alok Sinha who wrote (27151)2/3/2000 1:10:00 PM
From: JDN  Read Replies (2) of 64865
 
Dear Alok: You are preaching the company line in the old world order. This time IT IS different. Cold war is over. People around the world are massing to produce goods and services FOR USE, Communciation, education, freedom, everything it takes to produce a well oiled society are improving tremendously. In my opinion IF we have inflation it will be INTEREST RATE induced. But, I doubt that will happen. As interest rates drive up the cost of American products we will merely do more business overseas where rates are low, such as Japan. This of course will worsen the imbalance of payments. So all in all, IMHO it was a grave error to raise interest rates, instead we ought to be dropping them!! As to the savings arguement which is the only one left for raising rates, that should be handled through taxation. ie make investment income TAX EXEMPT as it SHOULD BE and people will increase their savings rate tremendously. JDN
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