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Politics : Formerly About Advanced Micro Devices
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To: chic_hearne who wrote (112185)5/23/2000 5:14:00 PM
From: Scumbria  Read Replies (3) of 1570292
 
Chic,

You keep making statements to the effect that valuations are out of line. This is simply not true in the semiconductor industry. These companies are (were) doing great.

However, if AG does succeed in bringing the economy to a halt, the prophecies of over-valuation may become self-fulfilling. And then AG will be able to say "I told you so."

I have watched AG for many years, and he has been wrong on a consistent basis. He used to be convinced that unemployment below 6% was dangerous for the economy. We have been at 4.5% for several years now, and the sky has not fallen.

In addition, he does not appear to understand the very simple relationship between oil prices and inflation.

Scumbria
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