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

To: michael97123 who wrote (42041)	2/11/2001 4:15:09 PM
From: Katherine Derbyshire	Read Replies (1) \| Respond to of 70976

>>"W" won't let the economy do to him what it did to Dad. << Nope. Which means that if he thinks a recession is inevitable, he wants it as early in his term as possible so he can (a) blame it on Clinton and (b) be going strong again by 2004. He does not want to fight a temporary holding action against the business cycle. Katherine

To: michael97123 who wrote (42041)	2/11/2001 8:46:28 PM
From: FR1	Read Replies (1) \| Respond to of 70976

Let me see if I have this right. You guys are saying that the FED cut the interest rate and the big guys are now arguing with the banks about the re-fi on their debts. Once that is settled and they feel no U turn is in order from the FED, they start being aggressive in their budgets. Another way to look at it: - How can you make a budget if you don't know what your debt payments will be? You need to settle any re-fi deals with the bank first. Also, maybe most big businesses are holding out for the next cut to get the best rate possible. Is that what you are thinking? If so, that's what I think too. If AG had ears he would do the interim cut now, make it 1/2 point, and tell everyone not to expect any more for a while. Then we can get on with business.