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Strategies & Market Trends : The New Economy and its Winners

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To: Randy Ellingson who wrote (6261)	4/10/2001 12:26:43 AM
From: Mark Fowler	Read Replies (1) of 57684

My question is why did AG have to raise rates so high in the first place. I will say this if Clinton wasn't going out, He wouldn't of allowed it! Real rates were way to high for these telecom companies. I think if rates come down another 50 to 100 basis points it'll give the telecom companies a chance to restructure some of there debt at lower rates, that'll help. And sure your going to have over capicity when the economy shut down as fast as it did. I think most of companies were blind-sided by this slow down. Myself i was shock too, never seen anything like this at 43 yrs. of age. Yes Economic growth will come back, but it'll probably be slow process this time.

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