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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.42

-2.4%

3:59 PM EST

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To: RetiredNow who wrote (59220)	5/3/2002 12:32:33 PM
From: Eric	Read Replies (1) of 77400

Between you and me I'm not worried that much about inflation. I just don't see DEMAND out there for things! This is quite a bit different than the 70's environment. The Fed doesn't have to raise rates very much. The only "inflation" I see is in the total tax take on the average American. Oil is much cheaper today on an inflation adjusted basis compared to 1973. Plus the fact that there is much more reserve capacity available to turn on than back in 1973.

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