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

To: LemurHouse who wrote (44056)	3/20/2001 3:48:56 PM
From: Ian@SI	Read Replies (3) \| Respond to of 70976

there's something to be said for doing the necessary now, rather than later. Just ask the Japanese economy. 1. There are more differences than similarities between the two economies; and the responses to the problems that the economies have faced. 2. My guess is that after a certain point, further cuts in interest rates are ineffective as a stimulus. Strategically, I don't believe it optimal to use all one's ammunition long before it's necessary, then have nothing in reserve if and when there's a real battle to fight. Given the time lag between a rate cut and its impact, more measured action than that called for by emotional traders may well be the best course. In any case, the market is a little peeved with today's action. Ian.