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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.03+0.8%Nov 14 9:30 AM EST
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To: Eric who wrote (52364)5/5/2001 9:13:13 PM
From: Jacob Snyder  Read Replies (3) of 77399
 
OT re "50 basis cut on the 15th"

What about the increases in fuel and labor costs? Right now, the Fed is acting as if inflation is permanently dead, and the only risk is recession. Without anyone much noticing, inflation has doubled off its 1998 low. At some point, the Fed is going to have a hard choice to make, between inflation and recession. Maybe soon, maybe not till 2002. But its coming.
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