Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 39.99

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Oct 31 9:30 AM EST

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To: William Hunt who wrote (26848)	3/22/2001 1:56:09 PM
From: Sonny McWilliams	Read Replies (1) of 27012

Bill. Thanks for the article. I should have read it before responding to Scott. gg. But all in all it's just about what I said. Maybe. What stood out in this article is that the FED did not even mention inflation and that's when there was actually a little inflation creeping in in some of the PPI numbers, I believe it was those. But like many pundits mentioned, those numbers are lagging behind. This morning the numbers were actually lower than expected. Again, I believe the FED should have cut rates more. I can't imagine why he did not want to look like a stock put. As I said before: He had no problem attacking the wealth effect so why not undo the negative wealth effect. BTW. I do know that it is not the job of the FED to control the markets. Market forces will take care of this. But once you go after it in one way then you should do it again in the other way. If the FED thinks that things could go worse and it takes 6 to 9 months for rates to work, THEY SHOULD HAVE cut more right away instead maybe in May or interim. Maybe they will act again soon. Greenspan went to Al Gore's business class, imagine. He should have sat down with the administration instead and talked a little business there. Students at Colombia asked him about interest rates but Al Gore cut them off by saying the FED cannot talk about this. I NEVER did understand that. The FED should be more accountable to the American people. Darn, looks more like a King than a Republic when it comes to the FED. Not accountable to anyone for a six year term. Who could fire a FED Chairman anyhow? Political suicide. gg. I have felt that Greenspan has been pretty good over the years but this is a bit far out. BTW. Talking about Al Gore. He supposedly talked about a U-shaped, L shaped or even W shaped recovery. Do you think he talked about G.W. with that last example? Makes me wonder why A.G. went to visit A.G.'s class. Could it be because their initials are the same? Or is he looking at 2002 just in case G.W. will be blamed for this recession even if it did start under Clinton/Gore? Could he be thinking that the House or the Senate may change because of this? Many questions but I do wonder why he is so slow with cutting the rates under this Bush just like under the prev. Bush. It cost the elder Bush the election. An economy that was already on the road to recovery after we went through the Gulf War. Funny how things look at times. Oh, so much for whining. Let's hope for better days. dailynews.yahoo.com Sonny

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