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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Barry Grossman who wrote (87367)	8/28/1999 6:08:00 PM
From: royco	Read Replies (1) \| Respond to of 186894

Re: Larry Kudlow, future of markets Barry: I've long been a fan of LK's.( He once was chief economist for Wefa, a local econ. forecasting group). Tho' I read this board regularly, I post on occasion on the Intel for Wealth board, and did so last month about Larry K.'s viewpoint (and again recently): July's post: " RE" The FED should hire us" OTOT Sonny, interestingly, our 22 y.o. was offered a tech job at the Fed when he graduated last yr. from Penn, w/ comp. sci.degree. I always thought that could've been a great chance to get an insight as to what these guys actually get paid for. (He went to work for a private software co. in Austin, TX instead). What has concerned me somewhat is the cult of personality that has enshrouded Alan Greenspan. The market might tank one day if he ever gets a bad case of the flu.<GG> It's only taken these guys about a decade to realize the fall of the Soviets coupled with the new technology has truly changed the paradigm, and low unemployment can be achieved with low or NO inflation, while profits and growth rise yr.to yr. Risks still exist, but Larry Kudrow has said what I've felt for years, namely real interest rates are too high vis a vis inflation. Oh, to be the voice in the wilderness ..." It appears everyone is a bit complacent about the Fed's rate hikes, while inflation remains low due to non-interest rate factors. Greenspan has finally admitted publicly what was really his agenda for months, namely the market's overvalution in his opinion. This may be aimed at the speculators in the market but hurts consumers and small business unduly imo. Kudrow has said it for years, and I've felt it for many years also. Still feel intc can weather this storm but the markets may be in for a non-discriminatory fall unless the Fed starts to realize THINGS, i.e. Technologies like the internet , HAVE CHANGED THE PARADIGM, whether the old boys at the fed want to believe it or not; Hence low inflation and low unemployment. Still and always long on Intel, losing patience with the closed-off fed. Regards, Royco