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To: t2 who wrote (16846)1/23/2001 12:54:21 AM
From: Tunica Albuginea  Respond to of 24042
 
I agree with you t2. CA dug itself in a hole and unfortunately
we, taxpayers are left, as usual to bail them out.

Their economy is very sensitive to Nasdaq downdrafts
and so 50 basis points makes sense.

Also , perhaps, Greenspan now remembers than in HIS last
recession in 1991,
HE was 6 months late in recognizing it's beginning
and he reacted too late in lowering rates.

That's why it lasted 9 months,

TA



To: t2 who wrote (16846)1/23/2001 1:11:47 AM
From: Tunica Albuginea  Respond to of 24042
 
I think we will definitely see 0.5% drop in rates, based on

0.6% drop of U.S. index of leading economic

siliconinvestor.com

plus CA energy issue
plus the superfast Economy which now turns itself off on a dime
and needs immediate recharge or it will freeze.

Tax cuts also needed,as well as spending cuts,

TA


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