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To: MulhollandDrive who wrote (4299)	1/11/2000 3:21:00 PM
From: Lee	Respond to of 24042

bp,..Re:.Our economy is fundamentally strong and technology is the driver. Greenspan can tinker around the edges but the FED can't & shouldn't try to thwart real growth as long as inflation remains low. You're right, the economy is healthy and SE Asia is recovering and Europe is growing. These circumstances bode well for US tech companies as well as traditional business and should help the market broaden as growth abroad continues. Fed fund futures already have a 25 basis point tightening priced in for Feb. and the even if the new voting FOMC members are said to be more hawkish, a 50 bp raise seems unlikely.<g> From The Street.Com's economic correspondent. ____________________________________________________________________ Weighing the Prospects for a Heavy-Handed G By James Padinha Economics Correspondent 1/7/00 3:08 PM ET A bunch of things suggest, of course, that that's precisely what it ought to do anyway. Labor markets refuse to quit tightening. Final demand refuses to quit accelerating. One key leading inflation measure has gone from falling at about a 3% rate a year ago to rising at a 10% rate now. Measures of financial conditions (especially those that include asset prices) are screaming Go. All of those things say that policy just isn't tight enough. A surprisingly hard smack, though? Keep in mind that G. Love testifies later in February. Can you imagine the reaction? If he tossed us a fitty in the wake of a nice price number? And if the employment number then printed kind? The congressional mo-rons would be into him like a dung beetle on poop. G might even take back his letter of intent and go home. thestreet.com _____________________________________________________________________ Cheers, Lee

To: MulhollandDrive who wrote (4299)	1/11/2000 3:49:00 PM
From: Hank Stamper	Respond to of 24042

Bull, The Fed can "thwart the real growth"--it has the ability to do so whenever it wants. We should not fool ourselves about Greenspan: he regards inflation as the enemy and will use interest rates and restrictions in money supply growth to slow the economy. He will try to avoid a recession in-so-doing but, mark my words: he will slow the economy from the current 5%+ to something closer to 3%. Some tinkerer! He has the power and those who do not realise this are at great risk. Ciao, David Todtman