Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 260.77

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9:30 AM EST

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To: michael97123 who wrote (42829)	2/28/2001 4:47:49 PM
From: Kirk ©	Read Replies (3) of 70976

Mike I'm not sure we need a 1%er from AG. A quick, retroactive tax cut will show up right away in more spending and businesses then might be able to order more product to get the economy rolling again. From what I can tell, and I spend a few hours talking to owners or people that order for the consumer market the past few days, is that the consumers stopped spending in November when many things all came together. The election and NASDAQ crunching plus bad weather really all hit at once and the winter season saw much less spending than people had planned. I heard the companies I talked to met their numbers and set records, but they had a ton of inventory on their hands that they have to work off due to consumers not spending. [companies surveyed was women's shoes and surf (wind and regular) boards!] I think Greenspan today said the manufacturing sector is SO EFFICIENT at turning on a dime that this first slowdown in a long while surprised everyone at HOW FAST they were able to shut down. I might look at it as a feedback and control issue and the system needs some damping in the future. Since we don't yet have this damping factor in place, I believe that AG believes we could get a recovery just as fast so he is reluctant to cut further. my 2¢ worth....

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