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To: Frank Ellis Morris who wrote (67117)2/16/2000 6:46:00 PM
From: Jim Willie CB  Respond to of 152472
 
hostility toward Greenspan might be justified
dangerous time period now we are entering
extreme bifurcation occurring now as we speak
old stodgy companies are losing their key people to growing companies
labor is truly in short supply, and training is critical

the cancer is in the arrogance to pretend to know the limit in growth, the limit in capacity utilization, the limit in unemployment, the limit in time length for economic expansion

I maintain all along that the marketplace is smarter than a bunch of arrogant baldheaded fossils offering the pretense of controlling the economy, all the while relying heavily upon the country's worst statisticians (who work as economists for the USGOvt, unable to cut it in the private sector)

the economy controls itself... humans pretend to... humans interrupt equilibrium in nature and in the economy

the Federal Reserve cannot even define the labor pool... it is NOT limited to the USA... they CANNOT properly measure productivity, unable to account for changing tools in usage... they CANNOT even understand how foreign resources are drawn into the picture

proposed experiment: no rate hikes except to match the 3month Treasury Bill yield for two years

let us see how the economy responds to labor shortage, fast growth, mfg offshore, shortage of cheaper oil

maybe the only big consequence would be reduced numbers of Sport Utility Vehicles which guzzle gas

here is a proposal: since we are deeply engrained in an information society and economy, how about...

ADDING CISCO TO THE DOW TRANSPORT INDEX ???

/ Jim



To: Frank Ellis Morris who wrote (67117)2/16/2000 7:08:00 PM
From: arjan bok  Respond to of 152472
 
All you need to do is look at your portfolio and ask yourself if you want it to be left at the hands of this party and Fed chairman for another four years. I don't think so.

Frank


I don't know Frank, If I look at the numbers from 16 years ago, 8 years ago and now The last 8 seem a "little"more profitable than the 8 years before that.
Nasdaq was 246 when it started on 10/84 on 2/15/92 it closed at 636 for a 258 % gain. Then the current administration took over(give or take a few month). The Nasdaq closed at 4427 today for a gain of 696 % for the last 8 years.

If you gave me the choice I take 696% over 258% any day

Arjan



To: Frank Ellis Morris who wrote (67117)2/16/2000 7:26:00 PM
From: RocketMan  Respond to of 152472
 
I think that investors have totally had it with Greenspan and our present administration. The man should have never been reappointed.

He is the perfect reappointment for the Administration. AG is clueless about the technological revolution, and Slick Willie would love to leave an economic scorched earth behind as he leaves office.



To: Frank Ellis Morris who wrote (67117)2/16/2000 9:48:00 PM
From: Bandit19  Respond to of 152472
 
Frank,

Relax...tomorrow may not be as bad as you think.

SCOUTING REPORT: THURSDAY
At 10 a.m. EST, Federal Reserve chairman Alan Greenspan will begin telling a
congressional committee what he thinks of the economy. The Fed chairman has been
pretty consistent on the subject lately, and there's no reason to think he has
any surprises in store
. Expect him to suggest that the economy has a little too
much momentum and needs some more braking action, i.e. higher interest rates. A
Q&A period will follow his prepared testimony, but this won't produce any
fireworks. Greenspan is a master of the process, not to mention one of the most
revered people in Washington. No one badgers this witness.

Best,
Steve



To: Frank Ellis Morris who wrote (67117)2/16/2000 11:17:00 PM
From: TigerPaw  Read Replies (2) | Respond to of 152472
 
All you need to do is look at your portfolio
(Cancer .. The Fed and the present Political Party)

Let me look, My portfolio 7 years ago was about $150,000 (including house & cars). Portfolio today, comfortably in excess of $1,000,000 (not including house & cars). What have you been smoking Frank, these last 7 years. You would have to try hard not to make money in this climate. I would hate to see the Bushman will get in with his idea that the national debt is a good thing. The fundamentals are that we have a real chance of making the U.S. debt free without inflating away the purchase power of the money. I love the fact that I now pay taxes (on profits) that exceed my annual salary 7 years ago.
TP



To: Frank Ellis Morris who wrote (67117)2/17/2000 10:45:00 AM
From: Skeeter Bug  Read Replies (1) | Respond to of 152472
 
>>There is a Cancer in our Markets, The Fed and the present Political Party<<

fred, you ought to educate yourself on this issue. what is driving the markets? debt and credit. its exploding. who does a lot to control credit? who grew money supply at a 20% annual rate the last three months of 1999? the fed.

who plays the lies, damned lies and statistics game to the statistical hilt? half of gdp growth is a made up number instituted in the mid 90s - no other country uses it.

IF the fed wanted to take back the gains he has given you... he could... trust me. just cut off the money spiggots.