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To: Haim R. Branisteanu who wrote (50799)	5/15/2000 5:28:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Haim, <<Only memory chips and CPU's are lower.>> and due to the wonders of geometric weighting and hedonic pricing, there is no inflation as a result of this...

To: Haim R. Branisteanu who wrote (50799)	5/15/2000 7:21:00 PM
From: Wayners	Read Replies (1) \| Respond to of 99985

My response to that is the Fed has raised rates already (I think 6 25 BP rises) and while it was okay for the Fed to premptively raise rates its not okay for the Fed to preemptively stop rising rates or lower rates to avoid a hard landing before economic slowing data actually develops. Its exactly this kind of thinking that results in a recession everytime the economists are calling for runaway inflation. The crowd is always wrong just like in timing stocks.