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Politics : Formerly About Applied Materials

AMAT 262.92

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3:59 PM EST

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To: Tony Viola who wrote (42019)	2/11/2001 10:09:30 AM
From: daryll40	Read Replies (1) of 70976

I think I have to defend Greenspan's honor here. Listen, inflation has been dead for 20+ years, much of that attributable to Greenspan. But, unlike people, inflation always wants to come back to life. OK, so it appears he erred on the side of too much tightening too fast. So he'll backtrack until things get rolling again. That's the nature of his job. The man IS accountable...but the current slowdown does not fall outside the parameters of "doing a good job"...but perhaps in the zone of "went too far...now steering the ship back on course". We hope. Daryll40

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