Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.78

+2.7%

Nov 26 3:59 PM EST

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To: puborectalis who wrote (111949)	9/30/2000 6:29:24 PM
From: Jim McMannis	Read Replies (1) of 186894

RE:"The bottom line is that Greenspan overplayed his hand and raised interest rates once too much and now 3 months later the proof is in the pudding.The entire retail sector,not only PC's,is suffering....just go to the malls" Baloney. What kicked us over the edge was the Cap Gains tax cut on Real Estate signed by Congress and Clinton. This wild card has been giving AG fits. People selling homes and pocketing $50k-100k-200k-300k tax free. This money being pumped into the ecomomy. No wonder AGs slow hikes didn't have any effect until gluttonous oil consumption kicked in. You for forget that "our" economy is still accelerating...and if need be, AG can simply lower rates and stimulate...he has lots of room. Jim

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