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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: scott_jiminez who wrote (40439)	12/4/2000 9:29:13 PM
From: 16yearcycle	Read Replies (3) \| Respond to of 70976

Scott, You seem to suggest that the fed will/should ease only if the country is going into a recession. There are many reasons to ease and they can include that rates are relatively too high, and growth is slowing, with no danger of inflation. Keep in mind that we still have a tight bias, at this very moment. Pinch me...it is insanity, imho. It's a measure of how great this nation and our economy is that we can weather this slowdown, election crisis, mid east unrest, rising oil, 50% nas crash, and the fed keeps a TIGHT bias. Talk about an unnecessary risk. Greenspan needs to go to Vegas so he can get this out of his system. You also suggest that technology is in a recession. Have you noticed the growth rates of leading tech companies? A recession is negative growth, not growth that slows from 20% sequential to 15%. I agree with most of your post, Scott. You make good points The bone I have to pick with so many folks is the whole tech slowdown definition. So many are hysterical because growth has "slowed" and they talk like there is no growth, and the masses are following this lead and the stocks have been killed. IMHO, this whole spasm has been mostly a panic and was not needed. All the best, Gene