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To: Raymond Duray who wrote (334)	11/29/2000 8:17:17 PM
From: Chip McVickar	Read Replies (2) \| Respond to of 12410

Hello Ray, Thank You for posting Caroline Baum's work..! She's seems to cut right to the heart of her subject. What we seem to miss is that this economy is still very strong and even with the market averages substantially down, the economy and its companies are moving along at a good clip. It's like going from $150.00 to $75.00 Champagne. It's all quality champagne...! Maybe they'll shortly find that their selling is over done...? >>This is a Fed-induced slowdown in the real economy. If the fourth quarter looks anything like the third, the Fed won't hesitate to administer interest-rate medicine. From a central banker's perspective, 2 percent GDP growth is close enough to zero for government work. Their equilibrating mechanism is not that finely tuned.<<