Alan Greenspan MUST GO: Message Board

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Pastimes : Alan Greenspan MUST GO:

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To: Master (Hijacked) who wrote (335)	4/5/2001 9:46:42 AM
From: Anthony Pellicano	Read Replies (2) of 494

"Fed officials with views as diverse as Alan Greenspan, Larry Meyers and Robert McTeer have focused on the central role in this downturn of excess inventories. Thus, the key to the economy's turnaround will be an "inventory correction" that runs its course." How much inventory do the Oracle's and Ariba's carry? There product are intellectual property and services. Don't these officials realize that the Dell's, Gateway's, Cisco's, Nortel's and Sun's of the world build to order. Old metrics of looking at inventories of unsold cars and washing machines do not apply. What do they think, Cisco has a parking lot full of unsold routers and switches. A more meaningful metric would be to look at the outstanding orders for technology products and services. Technology executives are telling us that they see no future earnings visability. When formulating Monetary Policy Mr. Greenspan should listens to them and throw away his outdated statistics.

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