Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (17658)	12/26/2000 6:55:44 PM
From: Art Bechhoefer	Respond to of 60323

Zeev, we do not disagree in principle, only in the degree of the problem. An inflation rate of 3.5% might be considered high by some people, but in the context of productivity increases that equal or exceed that rate, it really is not all that great. The Federal Reserve Board has had a hard time in the last several years appreciating the effects of productivity improvements on keeping inflation low or non existent. The measures of productivity that are commonly accepted really do not show the full extent of the gains. This is particularly true in situations where individuals do more and more of their own work on computers, eliminating costly typing, calculating, and other chores that used to be done by teams of specialists. Thus, the productivity gains that work against inflation have probably been understated in recent years. For these and other reasons, the Fed is really not taking much risk by acting rather than just talking. Art

To: Zeev Hed who wrote (17658)	12/26/2000 8:41:55 PM
From: limtex	Read Replies (2) \| Respond to of 60323

ZH- You have put your finger on it. The Fed or rather some person or people at the Fed are targeting the NAZ. We all feel it. We know that the NAZ is primed and ready to spring and that the Fed is watching it like a hawk and holding back a rate cut for as long as possible in order to prevent a 'dislocation'. Well and good but there are consequences. The 1929 crash, as this crash was caused in the first place by having interest rates too high for too long. As in 1929 they thought they were doing the right thing. This time is no different they have cuased the crash of the market and the economic fall out is now well underway and will result in a very very nasty recession if they continue in with this insane policy. Listen to John Conners, he described a sudden, unexpected and dramatic fall off in business around the World. Look at the fall off in business in Asia and now in Europe. China will be next and that won't end up well if gets out of hand. And all this becuase of an irrational fear of the NAZ prospering. It has got to the state that the World economy is being held hostage to the extreme prejudice of one man against the growth of a stock market. He should in fact recuse himself on reflection since he is clearly unable to provide a balanced judgement and the entire Worlds economy cannot be put in this position. Best regards, L