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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.99-0.2%3:59 PM EST
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To: Steve who wrote (49006)2/17/2001 7:00:22 AM
From: Wyätt Gwyön  Read Replies (3) of 77400
 
The Fed raised interest rates and choked off the recovery.

LOL. This is a myth of the ignorant. The Fed lowered rates five or six times at the beginning of the 1930s, down to about 1 1/2%. DIDN'T MATTER. Just like Japan lowered rates to ZERO and it DIDN'T MATTER. The damage was done in the mid 1920s due to a credit bubble that resulted in hoards of malinvestments and overcapacity. Just like today.
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