Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 261.90

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Dec 26 9:30 AM EST

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To: StanX Long who wrote (50862)	8/20/2001 6:35:52 PM
From: michael97123	Read Replies (1) of 70976

Mike the Amateur Economist taking a stab at a theory--Be Kind, I did go to the University of Chicago for grad school and roomed with 2 business/economics majors. And Milton Friedman was once a guest in our apartment. 1. Longer term rates are too high. We need mortgage rates in the 5's causing another round of refinancing and new purchases. Refinancing unlocks new equity gains and this gets spent and invested. Two good things for us. 2. Dollar needs to be weaker thus aiding exports but more importantly it moves capital. Some say capital moves out of US to places with higher interest rates. Yes to some extent that is true. However it overlooks asset shifts from treasuries to stocks and which market would you buy today? USA To achieve 1&2 which both help the market, AG should cut rates 1/2 EVEN if it is unsettles the market in the short term. Combine this with Ian's bias change and as the great Jackie Gleason used to say "and awaaay we go"

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