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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 239.30

-1.0%

Jan 30 9:30 AM EST

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To: schrodingers_cat who wrote (112329)	12/1/2000 11:59:47 PM
From: Glenn D. Rudolph	Read Replies (2) of 164685

Greenspan is probably a bigger problem for the economy than Saddam. Any thoughts about wether we might be headed for a recession? I am somewhat of a fan of Greespan. I did not appreciate his rate cut at 3:30 eastern on the Thursday of index option expiration with I suspect the intention of bailing out Long Term Capital Management. Beyond that, my opinion is he knows what he is doing. I believe he was engineering a soft landing but the increase in energy costs far exceeded his model. I also believe the speed of economic slowdown was not as apparent as now when the Presidential election took pace. My believe is he would like to cut rates but it might be a political problem until the election issue is settled. The bottom line is we could easily have a recession if this election issue continues. I know a rate decrease takes time to work into the conomy but the pychology of the spending consumer can change immediatly. We need the consumer to spend heavily now before this snow balls on the downside in my opinion.

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