Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 42.07

+3.9%

11:15 AM EST

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To: stsimon who wrote (63571)	8/29/1998 5:41:00 PM
From: nihil	of 186894

RE: Interest rates below zero This is the old "pushing the string argument." During the 1930's a group of "stagnationists" argued there was no market for equities because there were no profit opportunities (Keynes was sympathetic to this idea). It therefore did no good, and might hurt to pump up the money supply. The anti-stagnationists argued that technological change created opportunities for investment and it was only necessary to make credit available for entrepreneurs to begin investing, because there were opportunities if only in cost saving innovation. That's where I am today. I believe that a bear market in stocks or bonds cannot survive sharp cuts in interest rates. I don't care about a recession in the goods or commodity markets, let me borrow margin money cheap and I will gamble my own capital and buy to the limit in selected high tech companies. Even IPO's. I draw the line at loss-making internet stocks. There are lots of other people with exactly the same attitudes --- many of them visitors to these pages.

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