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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (44880)	9/2/2001 3:13:30 PM
From: Prognosticator	Read Replies (2) \| Respond to of 64865

Sun haters listen up. Somebody on the Fool knows what they're talking about. boards.fool.com P.

To: Steve Lee who wrote (44880)	9/2/2001 3:52:42 PM
From: JDN	Respond to of 64865

Dear Steve: International fiscal policy is complicated and would seem to require cooperation among the world banks. I certainly am no economist, though I did have economics as one of my majors in College, long ago. However, as an investor I fail to see how todays market is a bubble, especially in techs, and as related to the mention of home debt, I personally believe people were doing so well in the market they sometimes moved up to larger homes and consequently larger debt. But, I would point out that most of that debt is covered by home equity. For instance, our bank will not lend above 75% of appraised value just in case prices were to slide, I suspect other banks are now the same. Much of Corporate debt is also covered with equity, I suspect with rates low many corporations may be taking this opportunity to secure long term financing at favorable rates. All of this would seem to me to be healthy. But, you can always twist a situation to read as you would like it to read, as I believe this author has done. If money supply in the USA were proceeding too quickly I would presume the US $$ would be losing value. I dont know the answers but these are the thoughts that come to my mind. Personally, I thought then and still think that AG raised interest rates too far and too fast, now he is having to go the other direction. In the meanwhile many Americans lost Billions if not trillions due to irresponsible FED actions. If USA gets sick so does the World and that is what is now happening from what I hear. JDN