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Technology Stocks : Semi Equipment Analysis
SOXX 330.38-4.4%4:00 PM EST
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To: michael97123 who wrote (14495)4/15/2004 2:57:02 PM
From: willcousa  Read Replies (1) of 95864
 
I have believed for about 20 years or so that the Fed has kept interest rates irrationally high on a regular basis and that a 1% rate in the absence of inflation makes perfectly good sense. It may in fact be high. Perhaps the Fed has come around to this viewpoint, well articulated by Milton Friedman. Another part of MF's view is that commodity prices should be ignored when judging inflation as they are a supply/demand phonomenon which are self-correcting. FWIW Will
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