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To: schrodingers_cat who wrote (122870)	4/4/2001 9:48:20 AM
From: Glenn D. Rudolph	Respond to of 164684

<i.It would be good if the interest rate cuts are starting to work, but is it sustainable? The consumer already has a lot of debt. I guess they can carry it as long as they keep their jobs. And if business is good for cars and home builders then hopefully they will keep their jobs. The best case scenario is that the real damage is confined to tech. This is all true but I can tell you durable good is still much slower than in thepast. Therfore, demand for parts for heavy industry has declined and layoffs have occurred. The problems are not confined to tech. The economy needs a boot. I do not have the answer but I know that is an accurate statement.