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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (21296)	8/20/2001 1:55:48 PM
From: Tunica Albuginea	Read Replies (3) \| Respond to of 24042

mindmeld:" Government spending to pull us out ": They already tried that in one of the first Socialist Governments in France in 1948. Repeat: 1_9_4_8_ : The French Government paid people to dig up trenches by the road and then paid them again to cover them up again!!!. Should we go back to that ??? Maybe Billy boy and Al with Greenprint can join in to give a hand fix the mess they created..... TA you said: Wrong. Actually, government spending is a very big part of what makes this economy tick. In fact, if the economy starts to really tank, beyond what it has already, the only way out may be the government spending a shitload of money.

To: RetiredNow who wrote (21296)	8/21/2001 8:00:29 PM
From: Jacob Snyder	Respond to of 24042

I agree. The Fed easing, no matter how dramatic, has a long lag time before its max effect is felt. People who say, "the Fed is powerless, the cuts aren't working" just don't understand the process. If we do slide into a recession (aren't there yet), I expect the Tax And Spend Democrats will get together with the Borrow And Spend Republicans, and agree to spend, spend, spend. Maybe even cut taxes a bit, but that's less likely. And increased government spending has no lagtime before it starts affecting spending and wages. With the surplus, the government has a lot of leeway to increase spending. With Greenspan not worried at all about inflation, the Fed has a lot of leeway to cut rates. With all this Management, things can't go too terribly wrong, right? I've been reading Maestro. Greenspan was an Ayn Rand disciple in his youth. He's come a long way, from there to being the chief Government Manager of the economy. Lowering the Fed Funds rate from 6.5% to 3.5% hasn't done much to stimulate demand for JDSU's products (or stock) yet.