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To: Zoltan! who wrote (6)5/10/2000 12:05:00 PM
From: The Phoenix  Respond to of 405
 
If that's the case the Greenspan is far less precient then I orginally gave him credit for. By cutting the legs out from underneath the techs he will stifle consolidation and investment and risk slowing the cost improvements and advances generated by tech. Furthermore the tech area is an area that the US has a significant edge over importer... if we give foreign companies an opportunity they will catch up and we'll end up increasing the importation of technology and putting the country into a larger debtor position.

Is Greenspan that stupid??

OG



To: Zoltan! who wrote (6)5/10/2000 12:47:00 PM
From: Mehitabel  Read Replies (2) | Respond to of 405
 
Gary, Zoltan and thread: A little earlier I heard some guru that was being interviewed on CNBC (sorry, forget his name, but he got quite a play)

saying that the Fed won't quit raising rates until the stock market stays down for "some time".

Anxious to hear what people here have to say about this. I fervently hope that is not true.

Zoltan, it sounds as if you mostly agree with this fellow.

That is a really depressing prospect.


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