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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.51

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9:43 AM EST

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To: michael97123 who wrote (47438)	1/29/2001 10:22:59 AM
From: GVTucker	Read Replies (1) of 77400

michael, RE: There is no risk of a coming recession however, because in reality it is here already. I would just disagree with your belief that the Fed can stop a recession; that is probably the core of our disagreement. I do think, however, that if the Fed makes mistakes, that they can exacerbate a recession. And that said, I think that a 50 bp cut this coming Wednesday will certainly sufficient at this time. A 75 bp cut will send that message that the Fed will do 'whatever it takes' to try and stave off a recession, inflation be damned, and that will have serious consequences on the level of the $$ and inflation.

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