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

To: boris_a who wrote (129729)	12/15/2000 8:03:27 AM
From: Mike Torrence	Read Replies (3) \| Respond to of 1571038

Couldn't disagree with you more strenuously. Greenspan targeted the stock market (especially NAZ) as a result of his phantom inflation fears and has yanked the economy into a possible recession. He doesn't trust productivity growth and is targeting 2-3% economic growth. Fed should have gone neutral in November. This is not the same Greenspan you remember from the late eighties-early nineties.

To: boris_a who wrote (129729)	12/15/2000 1:10:42 PM
From: tejek	Read Replies (1) \| Respond to of 1571038

Ted: the Feds have no excuse to cut and to cut well. US trade deficit is going to be $ 360B per 2000. Growth rate (of deficit)is at 30%(!). If Feds cut well, the greenback exchange rate will go down significantly. Foreign money will vanish (because of expecting further sinking $). You might get higher inflation (by imports) and slower growth (recession?) same time. Not my prediction, but I guess this kind of scenarios are what Alan has to think about. Pretty difficult job. Much more difficult than many think. But all in all, he's doing a great job. Boris, I agree about the cutting.....I got a little carried away. And it is a tough call....the temptation is to do it right away before it gets worse but first quarter of next year is probably soon enough. BTW, I refrained from techs (except one stock, oh-urks) since April/May NAZ turmoils and initially didn't want to come back until november. Now come back delayed until February despite many temptations. But I wanna get the semis really cheap. What's oh-urks? And I agree re the techs....I am only trading them, not holding them. Got stop lossed out of a bunch of them this AM. I never thought I'd post this...I am getting ready to buy some Citibank. I expect the banks, particularly the Money Center Banks, to rally big time (they have already rallied off their lows from last April) when the feds cut. ted