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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: daryll40 who wrote (42028)	2/11/2001 11:26:02 AM
From: Tony Viola	Read Replies (2) \| Respond to of 70976

Wait'll we see Q101 numbers and see if the recession was the bitter pill we needed to stave off that 2 - 3% inflation. Multi-billion companies do not even have approved budgets yet for 2001, and it's the second week of February! Those are normally approved by year end of the previous year. No budget = no spending. They are putting it off until March or second quarter. John Chambers of Cisco nailed it when he said that Greenspan and company look at data that's a month or more old. Next week's PPI and CPI will represent data that's, on the average, from mid-January. That's what AG looks at. OTOH, companies like Cisco, Intel and Dell, who do probably half their business on the Internet, have actual results, expenses, etc. on their Intranets, so that the CEO can look on his own PC and see what it looks like up to the last 24 hours. We hit a wall in early December, and AG and co. didn't see it until January. He could have asked the CEOs of those three or dozens of other bellwether companies. Sorry, IMO, the outmoded Fed has thrown us into a full blown recession. Sorry for all of us because of what stocks will end up looking like at their bottoms yet to come. Tony