MRV Communications (MRVC) opinions? Message Board

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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

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Aug 15 5:00 PM EST

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To: mahler_one who wrote (41250)	6/26/2003 3:32:09 AM
From: Dee Jay	Read Replies (1) of 42804

it's not OT when the fear of DEflation expressed by the Fed Wednesday shows that they need for the cut to work and soon. Thursday's NY times carries a very interesting article about how well (or poorly) the Greenspanners did in managing expectations. With only 1 percentage point separating current rates from ZERO interest the leverage rate cutting has is greatly diminished. Greenspan fears, rightly enough, that we could fall into the molasses-like economy of Japan where ultra-low interest rates are meaningless in getting their economy moving. Those who benefited the most from the tax cuts are not going to spend wildly on consumer goods. Money chases money so they will seek greater investments in areas that will do well and thus further control wealth-production and thus power. Sorry if that sounds political but the tax cuts are going to do little for the economy under present emotional constraints and feeling of unease that prevails. A year from now come back to this one and see if there's any validity to it. JMHO Dee Jay

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