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To: boris_a who wrote (123340)12/19/2000 4:47:14 PM
From: kash johal  Read Replies (1) | Respond to of 186894
 
boris,

I tend to agree with you.

Lower interest rates will pressure dollar.

Increasing US deficits after Bush tax cuts will likely pressure dollar as well.

Overall NAZ at 1500 to 2000 would not be too surprising to me in 2001.

Its time to invest in the military-industrial complex, as well as drug companies, tobacco etc.

Hi-tech is likely dead after Bush is finished with it.

regards,

Kash



To: boris_a who wrote (123340)12/19/2000 5:22:30 PM
From: William Hunt  Read Replies (2) | Respond to of 186894
 
boris a ---Inflation is up .8% year over year to 3.5 % . Is it worth over a trillion dollars dollars in market cap and a real possibility of a recession ? The answer is obviously ---no .
As far as debt is concern their is a real crunch is place in the junk bond market due to the tight liquidity crunch in place by the FED ( by the way this is at the same level as in 1998 when we had our last try at a recession ) . If this persists we will have a domino effect that will 1990 look like a small recession . Greenspan is trying to fight high oil prices with high interest rates . The only problem is that OPEC can tighten the spigot more than he can raise interest rates . The only logical way to fight inflation is through higher productivity rates ---something he had some control over but has chosen to abandoned

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PS WELECOME TO GREENSPAN RECESSION