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Technology Stocks : Intel Corporation (INTC)
INTC 36.78+2.7%Nov 26 3:59 PM EST

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To: Yaacov who wrote (128501)2/28/2001 8:16:45 AM
From: Dan3  Read Replies (1) of 186894
 
Re: Had the worse night of sleep in a long time, as I don't see how we are going to get out of this

I don't know how old you are, but things just aren't that bad at this point. Were you around during the aftermath of the 70's oil crises, stagflation, or the second oil shortage? And we got through all of those.

We are still in near economic heaven, close to (near term) record low inflation and unemployment and substantial real interest rates with moderate nominal interest rates. The budget is still in surplus! These facts are very important because it means policy makers have access to the complete "toolkit" for stimulating the economy (should it become really necessary).

Look at time series data of post war interest rates, inflation, and unemployment, and I think you'll find it's way, way too early to despair.

OTOH, the next 6 months may not be much fun.

Regards,

Dan
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