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To: allen menglin chen who wrote (115117)1/12/2001 3:36:19 AM
From: craig crawford  Respond to of 164684
 
From RealMoney.com

Don't know how much of this is new, but if it is (hello, Reg FD!) this is the latest from Morgan Stanley analyst Chris Stixx following a private lunch yesterday with Cisco's John Chambers: "In a private meeting yesterday, Chambers said that this economically driven slowdown will take at least 2 Q's to right itself. In order to get through this in only 2 Q's Chambers thinks the Fed needs to cut rates again very soon and that a tax cut needs to go into effect immediately. Otherwise, what is mostly a US problem right now could become more systemic and lengthen the downturn.

You see? Greenspan is getting pressure from all angles to cut rates NOW, not later. If he doesn't cut before the 31st he better cut 50 then.

Here's yet one more reason!
NBC network to lay off 10 percent of staff -report
Message 15171224