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To: Harry Landsiedel who wrote (90772)	10/21/1999 6:27:00 PM
From: The Duke of URL©	Respond to of 186894

Does anyone have any info on the status of the VIA lawsuit?? TIA Duke

To: Harry Landsiedel who wrote (90772)	10/21/1999 7:26:00 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 186894

Harry, RE:"One guess is that he fears that too many people are ignoring the signs of a maturing business cycle (more inflation, weaker dollar). So he's trying to talk the market down, rather than let it rise too far and then when he has to aggressively raise rates see it crash"... I think that's a pretty good guess if not a reality. Surely AG would rather see the market crash from lower levels than a major bubble. On your other point, I have my doubts that many of the investing public and/or the new wall street hot shots know what a business cycle is. Having not been through a good one for nearly 9 years. Re: Y2K The last I read he is now downplaying Y2K in terms of having much REAL impact. He now may be afraid of the kind of panic selling we saw today, which may prevent him raising rates when he really needs to." -- Again we agree. Off one side of his mouth he plays down Y2K while having 50 billion in cash printed and held in reserve in case there is a run on the banks. I'm sure he has other liquidity safeguards in place as well. IMHO, AG was largly responsible for the crash in '87 due to the velocity in which he raised rates. He "could" get caught in a crack if he needs to raise rates going into Y2K and doesn't, getting behind the inflation curve. Then to catch up having to rapidly hike may induce the crash he is so fearful of. 2YK clearly the unknown wildcard in the mix... Yes, my friend, the plot thickens... Regards, Jim