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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (89397)	1/31/2001 4:22:40 PM
From: MeDroogies	Read Replies (1) \| Respond to of 97611

Okay, so take that a step further. It would be okay to let the economy overheat in order to support earnings, and (by default) a number of firms that were incredibly shaky to begin with? No, I'm afraid the basis from which you have used as a standard to decide interest rate levels is flawed. Let's try another. I don't disagree with the premise that interest rates have effected earnings. However, rates aren't what caused Gateway or Dell to miss earnings. There were other problems that did that...problems that were inherent from LOWER previous rates...problems that higher rates FINALLY brought to light. Rates didn't do it, the companies did it themselves, and it was causing deeper issues in the economy itself. By raising rates, many sins have been revealed, and can now be addressed in a fluid and meaningful manner.