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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (134535)	3/13/2001 9:24:06 PM
From: tejek	Respond to of 1589452

It is interesting, the Fed was concerned about inflation of which there was almost no sign of. There was signs of inflation....in energy and in labor benefits....but any concern got drowned out by the electiona and the Naz correction. They increased the discount rate at a very fast clip and that caused business to slow. But the unemployment rate hardly changed. Whatever is going on in the economy, it is not a classical case. I think the problem is we came from a labor market that was too tight. Now employers are reluctant to let people go for fear that this might still turn out to be a soft landing. Its appears now that some are going to a compromising position...no layoffs but a hiring freeze where you lose employees thru attrition. In addition there has been so much political rhetoric on the subject, it feels like we have been in a recession for nearly a year. ;~)) ted