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Politics : Formerly About Applied Materials
AMAT 254.72+0.9%3:59 PM EST
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To: Ian Davidson who wrote (43700)3/14/2001 8:38:39 AM
From: michael97123  Read Replies (1) of 70976
 
Ian,
That article scares me to death. Fed inaction here has helped turn this into an international crisis. At Dow 5000 and naz 1000 it will be a depression. Under developing circumstances can interest rates and tax cuts help. The bubble like a balloon needed to lose air on its own even if we were to have 3,4,5% inflation as a price to pay. AG may have secured his place in history. I hope this is wrong headed thinking on my part but I suspect AG will get his last best chance to reverse this between now and the 20th. Hopefully we will hear from him this morning. Mike
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