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Technology Stocks : LSI Corporation

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To: Paul Lee who wrote (23723)	3/20/2001 2:44:55 PM
From: uu	Read Replies (1) of 25814

I like it how Alan Greenspan puts things into perspectives! From their March 20 Fed meeting: ""The possibility that this excess could continue for some time and the potential for weakness in global economic conditions suggest substantial risks that demand and production could remain soft. In these circumstances, when the economic situation could be evolving rapidly, the Federal Reserve will need to monitor developments closely," the FOMC stated. Can one conclude from the above statement that: a) The Economy never evolves so rapidly as we see it happening now? Gee, and I always thought economy is just like the weather as it evolves so rapidly and one has to always monitor if he/she wants to take the proper action! b) The statement says that the FED will need to monitor economic development closely!! Therefore is it safe to assume that under the normal circumstances and the most often case where the economy does not evolve so rapidly (as assumed and so noted by the FED according to their statement above), do FEB board members go to the beach to have fun during the day, and party all night thus not monitoring the economy so closely?!!! How can I become a FED board member then?! It is even more fun than becoming a Wall Street analyst!!!!! We do need at least another 75 basis point drop in the interest rates during th enext 2 and at most 3 months, or else we are going to be in a long agonizing economic recession (not only here in the US but globally), and at that time if the FED drops the interest rates to 0 (as is done practically in Japan) it is not going to do the economy any good. So I sure hope the FED board members - and in particular Mr. Greenspan - set aside their beach/ocean surfing and partying all nigh and do pay close attention to the economic developments (including listening to CEOs such as John Chambers of Cisco, among others). - Addi

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