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To: Jacob Snyder who wrote (52365)	5/5/2001 9:53:05 PM
From: Jerome	Read Replies (1) \| Respond to of 77399

Jacob, what would be the longer term result if the Fed cuts interest rates and the economy does not respond. By this I mean that unemployment keeps on the rise, GDP stagnates where it is at, and the economy shows no real direction. In your view how would that impact the markets. Jerome

To: Jacob Snyder who wrote (52365)	5/6/2001 9:37:21 AM
From: RetiredNow	Respond to of 77399

I know. I've been watching inflation as well and that is starting to worry me. Can anyone say stagflation? Wow. What a bad word, but I think the chances of stagflation are getting higher by the day. Greenspan shouldn't have popped the bubble with his rate hikes. He should have let the markets pop it for him.