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Technology Stocks : All About Sun Microsystems
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To: High-Tech East who wrote (27313)2/7/2000 4:54:00 AM
From: JDN  Read Replies (1) of 64865
 
Dear HT: THAT is a prime example of how NEWS is SOLD. Create a problem!! There are so many inaccuracies in that article I will not even address them. Just a couple comments:
1. To address your question, why are Techs going up if rates are going up. No less a personality than Mr. Greenspan himself explained that. Technology is REDUCING COSTS. No matter what the cost of the technology IF it reduces costs to such an extent that it results in a rapid payback of dollars expended to acquire it, that technology will be purchased.
2. The GREAT DEPRESSION was caused MAINLY because of Nationalism resulting in MANY TRADE BARRIERS effectively limiting free trade.
I do happen to agree that there is a danger of raising the interest rates too high. Personally, I think Mr. Greenspan must adhere to that feeling also, which is why he is taking such small baby steps. It takes a long time for the effects of rising interest rates to wind there way through the economy, now that its Global even longer perhaps. At least by taking tiny little steps at a time they MIGHT be able to recorrect any errors they make in time. I dont know. I do know, that since the 1920's economic KNOWLEDGE is must better known and understood, and communication is such that they get answers much faster than in the past.
The bottom line is this, dont believe everything you read. JDN
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