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To: Jim Willie CB who wrote (25496)	12/15/2000 11:40:21 PM
From: Anthony Clement	Respond to of 65232

Jim W Did I hear you mention Kudlow ? Love that guy, great mind, soft spoken but passionate we need this chap on the Federal Reserve Board!!! Just my humble opinion English Karen

To: Jim Willie CB who wrote (25496)	12/15/2000 11:47:53 PM
From: Andrew G.	Read Replies (1) \| Respond to of 65232

Nice thesis Jim Willie CB: but.... There have been times in the past where the Fed cut rates yet it was too late to avert a recession. The Fed can certainly cut rates at their discretion and see a transient rebound in equity markets but I hardly expect it to reduce the growing debt burden. Lets face it, with unemployment still near record lows we are at capacity in terms of known growth metrics. If we can become more efficient (overwork ourselves some more for less pay) than maybe will rebound but then that shuts down any prospects for further rate cuts. It's a vicious circle. My suggestion to the Fed would be to not over medicate a sick patient. Let the illness run it's course. I also feel that the rate hikes were overkill and would like to see an automated system that does away altogether with these rate charades by FOMC wise men and just automatically does very tiny rate moves based on a daily influx of economic statistical data. Such a system would be a challenge but far more precise and less ostentatious.

To: Jim Willie CB who wrote (25496)	12/16/2000 2:21:10 PM
From: Catcher	Read Replies (1) \| Respond to of 65232

jw, kudlow continues to appear to be right on target (imho). he has held the position outlined in that article for several months at least. now it is clearer than ever that he is right. it is now easier to list troubled sectors & major companies that have not warned than it is those that have...auto makers, major retailers, banks, techs...even clorox. it may be the effects of the last rate increase are not yet felt. now we have to wait for indicated rate decreases so unfettered gents on the fed can allow themselves to appear wise & in control. greenspan attracted a lot of attn with his irrational exuberance comment 2 years ago. he is intent on proving he is right