Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: FR1 who wrote (26477)	3/8/2001 1:23:45 PM
From: Rob S.	Read Replies (1) of 27307

I totally disagree with your categorization. This is not a question of "free economy" vs. "managed economy". I don't think the FED or the IMF should have been as aggressive in helping out the Asian bubble economies anymore than I think that they should help or hurt the tech sectors. However, their job is to provide stability to capital markets and ensure the trust of investors and the general public in our monetary system. I think they should do as little as possible. That means watching the inflation rate, including the hyper inflation and "irrational exuberance" of certain stock sectors that lead to false trust and leveraging of paper wealth. If there are few signs of overall inflation then interest rates should come down. I think interest rates will come down. I think the Internet is a tremendous vehicle for increasing competition and putting more power into individual consumer's hands. Eventually prices will trend downward, perhaps precipitously. But I don't think that the FED should lower rates just to please upset tech investors. The FED might not get that but neither do tulip bulb investors. I think the government’s role should be minimal. Heck, I'd like to see the government whither away wherever possible. They have little purpose in pumping up a faltering business paradigm no more than they do pumping up failed foreign economies except when absolutely needed to prevent economic chaos. Yahoo!'s problem isn't FED interest rates. The problem is that Internet users don't pay attention to ads and corporations trim back discretionary expenses when the economy tightens. Lower interest rates can help smooth out economic swings but it is not the cause of failed expectations of individual stocks.

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