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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (115742)	6/13/2000 4:25:00 PM
From: Joe NYC	Read Replies (1) \| Respond to of 1579121

Jim, This may work for tech but it doesn't work for a lot of other areas like Real Estate I think the real estate tax cut is 1 time event that should have 1 time effect on real estate prices. Just like the 1986 tax reform bill that depressed the real estate prices. To me, the tight labor market is a more important indicator, since it is ongoing. RE got a tax break so I can't see how AG doesn't raise rates... I said I don't think Fed is going to raise rates during the next meeting, but if they do raise the rates, it is because they were too slow initially with the wimpy .25 point increases, which prolonged the whole tightening phase. But OTOH, maybe the prolonged tightening phase will let us avoid the landing (soft or hard), and we will just continue to fly, but at slightly lower altitude, where there is still enough oxygen to breath. If you fly too high, you may run out of oxygen, faint and drop to the ground. Joe

To: Jim McMannis who wrote (115742)	6/13/2000 4:45:00 PM
From: Joey Smith	Read Replies (1) \| Respond to of 1579121

Jim re:This may work for tech but it doesn't work for a lot of other areas like Real Estate, oil etc.. RE got a tax break so I can't see how AG doesn't raise rates... Jim, how does raising US interest rates effect the pricing of a monopolistic/oligopolistic industry structure like oil??? No direct effect I see, and the 2ndary effects could spell disaster. BTW, technology effects most industries in terms of lowering costs, and thus prices. Hard to think of one industry it hasn't had an effect. I'm currently shopping for a house, and I'm using the Net to narrow my searches, shop for a mortgage, etc. Don't need to deal with a lot of "brokers". I figure the transaction costs on this purchase will be at least a few thousand $s less than my last house purchase 7 years ago. joey

To: Jim McMannis who wrote (115742)	6/13/2000 5:06:00 PM
From: tejek	Read Replies (1) \| Respond to of 1579121

This may work for tech but it doesn't work for a lot of other areas like Real Estate, oil etc.. RE got a tax break so I can't see how AG doesn't raise rates... Jim, He specifically spoke by industry in general; only saying wrt tech that tech has prospered due to general industry purchases of hi-tech equipment. He said that all these upgrades have resulted in greater productivity throughout the economy and in all aspects of industry. In all the times I have heard AG speak, I have never seen him express a particular bias. No offense to anyone intended but he is very old....what does he have to gain kissing someone's butt. ted