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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 203.14-0.8%Jan 9 9:30 AM EST

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To: niceguy767 who wrote (52071)8/22/2001 5:42:04 PM
From: AK2004Read Replies (2) of 275872
 
NG
re: there remains little additional room for manoeuvring
if you recall I was questioning the feds strategy for a while already. Changes in rates are good stimulation but when standing in front of the run-away train it is better to let it pass. Feds chose to actually fight the recession which was strange and as a result of it I think the recession would be longer than it should have been.
Feds are out of ammunition to encourage recovery, IMHO
Regards
-Albert
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