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Politics : Formerly About Applied Materials

AMAT 341.36

+1.3%

Jan 29 3:59 PM EST

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To: michael97123 who wrote (46746)	5/15/2001 6:35:59 PM
From: Sam Citron	Read Replies (1) of 70976

"[Hickey] likens Fed ability to cure economys ills to 1929." While I find Hickey's main thesis to be correct, this statement is simultaneously both true and preposterous. The maestro is an excellent economist, as his mastery of doublespeak proves. He is capable of keeping the ship afloat just as capably as Gerstner has succeeded in managing IBM or Welsh GE. Years from now when a less skilled captain may take the helm and the ship takes on water, some may say the decline was merely postponed whether through skill and finesse or through flimfammery. But the truth of the matter is that the Fed is currently quite adept at what it does, and will probably succeed in postponing Armageddon for quite a while.

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