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To: GVTucker who wrote (128813)	3/2/2001 11:07:02 AM
From: GVTucker	Respond to of 186894

Greenspan doubled rates in 1994. DOUBLED them. 100% Nobody complains about that. Of course, the market went up after that, and inflation was tame. From the trough in 1999 to the peak in 2000, the increase in the Fed Funds rate was 37%, almost a third of the 1994 increase. If you believe that Greenspan's rate increases of last year are causing the current slowdown/recession, then you probably should have believed that the 1994 increases should have caused a 30's style depression.

To: GVTucker who wrote (128813)	3/2/2001 11:08:01 AM
From: Tony Viola	Read Replies (3) \| Respond to of 186894

<i<Tony, I wasn't aware until now that you believed that opinions that differed from yours were bullcrap. I only say it when I think they are. What else threw the top high tech country off the track last year if it wasn't the rate hikes. I don't mean the stock market, I mean tech business. All of a sudden, the Internet buildout, business to business "transactioneering", and all the other phenomena driving technology sales became a bad idea? Larry Kudlow for Fed chairman.