Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

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Nov 6 4:00 PM EST

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To: FR1 who wrote (26477)	3/8/2001 1:13:34 PM
From: brian z	Read Replies (2) of 27307

Well said about FED. But as investors, we need to watch FED as closely as we can because what FED should do is out of our control. Like they say, don't fight against FED. History has shown that FED added instability and uncertainty in economy. There is little doubt to most economists and others that FED was wrong to raise interest rate in 1999 and 2000. The problem we are facing now is that FED don't agree about that. Greenspan just said last week before congress that the FED has done a good job. Here is what I posted on SI last October: Greenspan and the Fed could kill American economic growth, productivity increase, technology revolution and new economy in the name of "fighting against inflation" while no inflation exists. One of Clinton's biggest mistake is re-appointing Greenspan as a Fed chairman. It costs Americans (both individuals and companies) big money. And now, it seems very possible that it could cost Clinton's party a presidency. Gore could be in much better position if the stock market not being down like this and the economy not showing slowed down.

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