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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (32098)	6/28/2000 12:53:00 PM
From: Peace	Read Replies (2) of 50167

Hi Iqbal, I don't think the fed will tighten this time around. We have started seeing early signs of a slowdown with more to come. Fed monetary policy typically takes 6-12 months to start showing in the economy. What we are seeing now are the effects of the early moves from last year. The recent moves still have to work their way in to the system. Increasingly people have started wondering whether the fed may have gone too far with their rate moves. With a 50bp hike the last time around, I think they will stand pat this time around and maybe act in August if the slowing signs do not continue. I am betting on no more hikes. I think the fed will hold off any more increases and will be successful in taming this growth. Hopefully we dont get a runaway market with irrational exuberence <ggg>. We have seen a lot of good tech names make good recovery. In my opinion the net stocks were way ahead of their time and most will not return to the crazy valuation levels. In due course the successful & profitable net companies will get the respect they deserve. Peace

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