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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 217.15-2.5%3:59 PM EST

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To: Victor Lazlo who wrote (123881)4/20/2001 1:01:55 AM
From: Skeeter Bug  Read Replies (1) of 164684
 
after 4 years of utter nonsense...

the media *finally* gets it right! i have hope for humanity!

"The Fed is being unfairly criticized for having raised rates last year, thus causing the slowdown. The more reasonable criticism is that it should have acted sooner to slow the boom that led to the bubble in so many technology stocks. The economic rebound would come quicker if the excesses had been less."

"It is unclear whether a recession will be avoided. But a big slowdown is already here. For many companies, life will never be anything like what it was, and there is nothing that the Fed, or anyone else, can do about that."

nytimes.com
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