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Politics : Formerly About Applied Materials
AMAT 327.03+2.5%Jan 16 3:59 PM EST
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To: michael97123 who wrote (50345)8/10/2001 12:57:59 PM
From: Wayners  Read Replies (1) of 70976
 
I would much rather have a turning economy with increases in demand via orders for goods and materials rather than another Fed rate cut. I have a deep seated worry that the FED is pushing on a string at this point where increased availability of credit and deep cuts on prices still fail to stimulate demand because people, especially businesses are 100% tapped out. The companies that need credit can't get credit and may be rightfully so. Last I heard, some of the major banks in the US and probably a lot of others are seeing a large increase in non-performing loans. I'd hate to see a banking crisis, but I saw Larry Kudlow say on CNBC that upwards of 60% of US banks are on "Fed Watch".
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