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Technology Stocks : Intel Corporation (INTC)

INTC 40.03

-1.3%

3:59 PM EST

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To: Carl Held who wrote (69453)	12/5/1998 3:07:00 AM
From: TTOSBT	Read Replies (1) of 186894

Re: "One final piece of news: It turns out that in recent days Saudi Arabia has had to turn to its neighbor, the United Arab Emirates, to borrow money. Just goes to show you how tough life is in the oil patch these days. All of these things - the weakness in copper, oil and other commodities, and the layoffs - all point to one thing: We are headed for a very ugly recession that is due to over-capacity and excess speculation in the world. Easy money created the problem; it won't cure the problem, and that is the difference between the bulls and the bears." This guy is a brilliant idiot! Easy money creates inflation not recession. The fear of recession looming is due to global competition created by technological efficiency, a two year abnormal weather condition which cut into the profits of the world's largest oil companies and the saving/spending habits of the inflationary fears of the 80's. No one (especially the Japanese) spend unless it was for necessity. No one really knows if this great recession will occur because the world was never at this juncture before. The greatest countries on the face of the earth have decided to create a boom time economic condition by lowering interest rates. The bond market will start to correct, interest rates will level off, people will feel safer and start buying things for their own pleasure and not just out of necessity giving companies more pricing powers. Then the cycle will start to turn towards increasing prices and once again inflation worry will slowly creep into the minds of the money controllers. And what will Intel do while all this is happening? Why earn more money of course! TTOSBT

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