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Technology Stocks : Intel Corporation (INTC)
INTC 36.26+0.5%Dec 18 3:59 PM EST
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To: Raymond Thomas who started this subject7/24/2002 8:41:36 AM
From: William Hunt  Read Replies (3) of 186894
 
some other comments from the Washington Post this morning :

The Bush economic team huddled on Monday to discuss the market slide and its potential impact on the economy. Treasury Secretary Paul H. O'Neill, under heavy criticism for his near invisibility during the stock market swoon, shuttled to New York yesterday for closed-door meetings with investment fund managers, financial services executives and Wall Street economists. His only public comment came after leaving a meeting at the New York Federal Reserve Bank: "We had a wonderful lunch."

A White House response to what former Federal Reserve vice chairman Alan Blinder called possibly the greatest crisis of economic confidence since the crash of 1929 is greatly constrained by administration philosophy and economic fundamentals.

The administration does not believe in dramatic intervention, either in the markets or the economy. At the same time, the administration remains confident that steady economic growth, bolstered by low interest rates and low inflation, will not be dragged down by the sliding markets.

"Very significant policy changes are in the works already: corporate governance, the staging of the tax cut, terrorism insurance," said Glenn Hubbard, chairman of the president's Council of Economic Advisers. "What's important is to continue to have the kind of economic stewardship that the president has had, and making sure our policies are consistent with the fundamentals of the economy."

washingtonpost.com
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