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

To: michael97123 who wrote (47381)	5/29/2001 10:26:17 PM
From: Katherine Derbyshire	Respond to of 70976

You've got a very important point re: US optimism. Many other countries have a heritage of limits and shortages, whether in the form of a continent full of enemies or a long history of totalitarian government or a constant struggle for adequate natural resources. The US, in contrast, has faced very few serious threats to its existence and has survived and even grown stronger each time. Culturally, we don't believe we have limits. While individual companies will come and go, I think the US investor overwhelmingly believes that the economy as a whole is a good investment. I don't think the tech bubble implosion has touched that belief. I don't think it will, either, unless the telecom debt problem becomes big enough to threaten the banking system. Any more informed opinions on that possibility? Katherine