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To: American Spirit who wrote (46811)2/6/2001 8:32:04 PM
From: Softechie  Read Replies (3) | Respond to of 57584
 
Lower rates + tax cuts = INFLATION!



To: American Spirit who wrote (46811)2/6/2001 8:34:20 PM
From: American Spirit  Read Replies (1) | Respond to of 57584
 
Shorts are betting on continued severe recession.
But why in the world would Greenspan allow that to happen when he clearly has the power to prevent it? By spring, 2-3 more rate cuts plus major tax cuts will start to be priced in. Money will be cheap and plentiful, even for some dot-coms. debts can be repaid cheaply. Purchases can be financed. Inflation will still be zero. That's why I say the damage has already been done and the bad news priced in.
Tomorrow should be interesting as bears and bulls battle at and over the tech bottom. Who will win? With greenspan on our side, I say da bulls.