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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: John F. Dowd who wrote (24313)	6/17/1999 11:36:00 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 74651

>> The good ship America would stay on course if AG fell asleep at the wheel Maybe so, John, but I remember 1981 very clearly - double digit unemployment and double digit inflation. I was moving from Colorado to California, which is tough under any circumstances, and the best loan I could find on my overpriced house was at 17 1/2%. There's a rule I learned in Las Vegas - never ask the dealer to shuffle a winning deck. I wish Mr. Greenspan health, happiness, and many more years in his office. Frank

To: John F. Dowd who wrote (24313)	6/18/1999 6:45:00 AM
From: Harry Sharp	Respond to of 74651

>>The good ship America would stay on course if AG fell asleep at the wheel. The guy gets way too much credit. The bond market is a big enough inflation cop as long as we maintain fiscal discipline and keep the government from crowding out the private sector in the capital markets.<<< The Street.Com did a piece about this recently. They basically said the markets police themselves only because A.G. is there to nail them if they mess up and don't do the right thing. The markets now anticipate what he will do and bring themselves back into line automatically. If A.G. was not there as Head Enforcer the markets would NOT self correct.