Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 226.05

+1.3%

Nov 14 9:30 AM EST

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To: roly who wrote (17654)	3/12/1998 10:50:00 PM
From: Gottfried	Read Replies (3) of 70976

roly, I have the suspicion that the fear of the Asian troubles is being deliberately fanned to keep US economic growth, wage increases and stock market gains in check. This way we can't blame the government or Mr Greenspan for a slowdown. No, there is no conspiracy. Most financial journalists will repeat what AG and other respected figures tell them. We then read the same dire warnings in many different publications and conclude "it must be so". I do not believe there are many original thinkers among financial journalists. (the same is true for every other profession) I don't deny that there are problems, but their extent is exaggerated. What we are seeing now is the opposite of irrational exuberance. GM

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