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To: Sonny McWilliams who wrote (25235)1/16/2000 4:12:00 PM
From: Yaacov  Read Replies (1) | Respond to of 27012
 
Hi Sonny,

Thanks for your post. Very good reading, and made lots of sense. Indeed you have a point about Mr. AG. Maybe it was time for him to retire, maybe he is too old! I like the man myself and I have made a lots of money during his years as the head of the Fed. Reserve. But I am afraid that he could screw thing up by tightening the rates, and bringing about a crash. Today I shared your article with a respectable economist at the
University of Milan. He told me that if the Feds don't let go with the tight control over the economy, the can do great
damage not only to the US economy, but alos to grouth in Europe. And that is not good for the stock marekt, here or in the US. The gneral belief is the Feds. will raise the rate 1/2 percent in one go or .25 percent twice in 2000. This will force the EC to raise the rates and will send Europe in a recession. Simple as that. Now when you read INTC of CPQ threads you hear smart guys that can tell you
all about Merced, but ignore the fact that Nerced will not
be shipped in great quantities if we have a slow down. Maybe
this is the reason that Feds must cool it, isntead of over-controling the economy!

Kind regards,

yaacov