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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Nathan who wrote (40057)	6/26/2001 10:54:30 AM
From: IQBAL LATIF	Respond to of 50167

I remember names events like a photograph so you don't have to introduce me a 'lurker' yuo have been here many times if i am right 2 posts, yes these numbers provide better scope of corporate earnings..1/4 or 1/2 does not matter if economy would be in tail spin like Japan, interest cut is working that is the point although new economy telco are bad..

To: Nathan who wrote (40057)	6/26/2001 11:20:01 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Edited previous message..I remember names and events like a photograph so you don't have to introduce me as a 'lurker' you have been here many times if I am right with 2 or 3 posts. Yes these numbers provide better scope of corporate earnings and lower cuts, cuts are means to reach our goal of corporate earnings and growth of economy at a rate more like 3.5% than present anemic 1% 1/4 or 1/2 does not matter if economy would be in tail spin like Japan any rate cuts would be ineffective those are structural imbalances, here interest cut are working that is the point that we have been making that US is no Japan, although new economy and telcos are bad.. We will see them fit soon, now let me rewind your memory fast backward when in early 2000 DOW was being hit hard and new economy flew we reiterated many a times that new economy will be hard hit by rising interest rates although conventional wisdom was that new economy is insulated, until October 2000 we had these very very low unemployment numbers signaling a red hot economic growth although things were slowing down quite bit, in all likelihood we are in similar trap now it look a havoc as far as slow down is concerned but numbers does not show that, in my opinion I will not be surprised that as economy rises its head from this rip van winkle nap, Fed and market will be caught on wrong foot, the next wave of weakness by Aug in my opinion will be talks of interest rates hikes not cuts.. but we will cross that bridge when we reach their but I wanted to be on the record on that..