Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 327.03

+2.5%

Jan 16 3:59 PM EST

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To: Steve Byers who wrote (11213)	11/16/1997 11:17:00 AM
From: ChinuSFO	Read Replies (2) of 70976

Steve, I do agree with your analysis in some respect since we are in a global economic situation nowadays. But let me take you back to the 1990 days when the US was reeling from unemployment, foreclosures etc. and the Japanese economy was booming. I was in Tokyo then and the airlines had special check-in counters for loads of Japanese tourist parties planning to tour the world. All this while US families were unable to meet mortgage payments, credit card debts etc. I think tables have turned. The US consumer is no long a plastic dependent customer, the US companies have regained the technological edge, and things have changed. Besides, there is Europe, Latin America and even newly emerging economies in Africa which are potentially good markets for the US. About Saddam, I wouldn't worry. Iraq no longer contributes much to the world supply. In fact, a war with Iraq would benefit some sectors and it would not hamper the supply pipelines of the world. I would strongly advocate finishing Saddam off this time around as we did to Hitler and subsequently inviting Iraq back to the economic fold. Just my view again. Not an economist but from someone associated with the high tech here in Silicon valley. Chinmoy

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