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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

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Aug 24 5:00 PM EST

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To: Joe Wagner who wrote (27098)	5/23/2000 11:30:00 PM
From: Joe Wagner	Read Replies (1) of 29386

One last comment about economics for anyone wondering why we have to raise interest rates if there is inflation building. If inflation gets out of control and we do nothing, the currency markets will dump the dollar, inflation will skyrocket and when the Fed goes to finance the U.S. debt, it will have to pay a premium like on junk bonds,causing the free market to drive interest rates far higher than Greenspan ever would have. Depending how long they fended off an Asian type collapse of the dollar, foreigners might demand 20-25% interest rates to buy dollars again. That is why economic discipline by the top guy at the Fed is so important and that is why the U.S. is considered the safest place to keep your money.

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