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Technology Stocks : JDS Uniphase (JDSU)
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To: Master (Hijacked) who wrote (10153)5/10/2000 11:36:00 PM
From: Hank Stamper  Read Replies (1) of 24042
 
"Come September suppose the government brings down interest rates to the grateful relief of its citizens. Don't you think the government will look mighty good, with the elections looming just around the corner. Remember, we have short memories!"
The "government" does not control short term interest rates. The "government" has some, but not all by a long shot, control over the supply of money.

Greenspan is at the wheel. He has been re-appointed for another term. He does not have to look good nor care! He is independent and un-hobbled by the election. He will not bring down rates in September unless there are sure signs NOW of deflationary trends. He will continue to keep a tight money supply. Best you can hope for is that he takes a one or two month pause in the hikes during the silly season.

Regards,
David Todtman
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