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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 37.22-2.9%12:42 PM EST
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To: Sonny McWilliams who wrote (26612)10/17/2000 12:19:57 PM
From: William Hunt  Read Replies (1) of 27012
 
Sonny --The gentleman from the PIMCO funds ( 299 billion in bonds under management ) was on CNBC squawk box this morning . Usually has a good read on the economy and the bonds . He said Greeenspan has set us up for a hard landing of 1 to 2 % growth . He said Greenspan has drain the capital needed for companies to buy technology to keep productivity growing thus being able to control inflation . He said the spread on corporate bonds has grown to such extremes that the only thing he is buying is Federal treasuries . He said that Greenspan needs to cut interest rates now but he thinks he will not do it until the growth rate slows dramatically . If this happens the equity market is headed much lower . I wonder why Greeenspan can not see this since he keeps preaching that technology is the only reason we are enjoying this properity ? By the time he responds it will be too late ---forget about a budget surplus !

BEST WISHES
BILL

PS The guys name is BILL ---I can not remember his last name ---very sharp and straight forward . I actually think he has a better read on the economy due the fact he is in the market to make money for his customers
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