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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (52364)	5/5/2001 9:13:13 PM
From: Jacob Snyder	Read Replies (3) \| Respond to of 77399

OT re "50 basis cut on the 15th" What about the increases in fuel and labor costs? Right now, the Fed is acting as if inflation is permanently dead, and the only risk is recession. Without anyone much noticing, inflation has doubled off its 1998 low. At some point, the Fed is going to have a hard choice to make, between inflation and recession. Maybe soon, maybe not till 2002. But its coming.

To: Eric who wrote (52364)	5/5/2001 11:26:44 PM
From: Ed Forrest	Respond to of 77399

The unemployment report Friday pretty much bakes in a 50 basis cut on the 15th. Eric Here is the scenario I envision. The Fed cuts .25 and then if more negative economic related numbers pop up then we get an interim cut of another .25. My reasoning is that if AG continues to see the market accelerate as it has been of late he may be inclined to play a bit of a waiting game. He broke the bubble last year at great cost to millions and I think he wants to act on the side of caution rather than see another inflated market. Cheers