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Politics : Formerly About Applied Materials

AMAT 261.90

+0.4%

Dec 26 9:30 AM EST

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To: Ian@SI who wrote (51151)	8/26/2001 5:10:33 PM
From: Gottfried	Read Replies (3) of 70976

Ian, more gloom interactive.wsj.com >According to statistics from the Federal Reserve, plotted in the chart on the preceding page, capacity utilization has fallen to 77% from a high of 84.4% in January 1995. It has fallen steadily since the beginning of 2000, when it was in the low 80s and now is below 1991 levels.< After that excerpt there's a comparison to Japan... >Hindery grows gloomiest when he begins to compare the U.S. economy to Japan's. "The Nikkei [Japan's stock index] hit a 17-year low the other day, 11 years after they first identified a period of overcapacity," he notes. "Overcapacity is really hard to fix. It's like flesh-eating bacteria. It starts on your little toe and soon you're really sick everywhere."< So there you have it. Better get some antibiotics. Gottfried

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