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Politics : Formerly About Applied Materials
AMAT 223.95+1.7%Nov 21 3:59 PM EST

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To: Jacob Snyder who wrote (24253)9/14/1998 3:10:00 PM
From: Ramsey Su  Read Replies (2) of 70976
 
Jacob,

regarding interest rates, I just want to remind you that Japan's rates had been low, lowered and rapidly approaching zero, and yet, their market is tanking and heading lower.

I am more and more a believer that some form of global reflation is needed. It may mean a drastic rate cut even if it means inflation and/or temporary irrational exuberance here in the US.

If the US goes into any type of recession and consumers stop consuming, we may just push a few more countries over the edge.

Ramsey
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