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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Patrice Gigahurtz who wrote (81524)	8/21/2001 5:57:34 PM
From: High-Tech East	Read Replies (2) \| Respond to of 99985

<<If the Fed is right and conditions look so bad going forward why didn't they cut by at least 1/2 %. Doesn't make sense to couple just a 1/4% rate drop with such negative forward Fed-Speak.>> ... sure it does Patrice, if the Fed dropped rates to zero today, it would not impact the economy for a long time to come ... our economic problems have little to do with interest rates ... and they will not be sorted out until July, 2002 at the earliest and possibly a year or two after that ... ... this is serious stuff, the recession has not even started yet, and hardly anyone understands that ... in my opinion ... Ken Wilson