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To: Glenn D. Rudolph who wrote (103542)5/17/2000 8:18:00 PM
From: GST  Read Replies (2) | Respond to of 164684
 
Glenn <The "working poor" have already reduced the amount they are willing to place on their credit cards due increased interest charges> Do you blame AG? Or the bubble? AG did not create this mess -- rampant stock speculation and easy money did that. Who gets hurt? Everybody. The good news is that "new economy" stock speculators are getting their heads handed to them.



To: Glenn D. Rudolph who wrote (103542)5/17/2000 10:23:00 PM
From: Tom Kearney  Read Replies (1) | Respond to of 164684
 
Glenn - re: "This is only going increase the gap between the working poor and the beneficiaries of the dot com mania."

This is my fear, too, tho I would amend 'dot com mania' to 'participants in the great bull market'. I am particularly disturbed that employment is being targeted by the Fed, seemingly. The benefits to society of full employment are numerous and substantial. The most striking may be the drop in crime we've seen going on 8 years, now.

Do you base your opinion on the slowing economy based on experience with business in your area (Erie, PA, I think - I'm Cleveland, OH originally)? If so, where do you see it?

Regards,
Tom