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To: Tony Viola who wrote (142674)	9/4/2001 1:21:06 AM
From: Dan3	Read Replies (3) \| Respond to of 186894

Re: the SF Bay Area housing market won't be the only one going down. Saw an article in the paper (yesterday or today) that Auto sales were leveling off, despite the current low interest rates. If housing so much as hiccups, this economy could implode. Anybody know offhand when the next FED meeting is? It's starting to look like we need another 1/2 point cut, rather than another 1/4. And the sooner, the better. Housing can't be allowed to slow down, it's pretty much all that's holding up the economy at this point.

To: Tony Viola who wrote (142674)	9/4/2001 1:33:46 AM
From: Jim McMannis	Read Replies (2) \| Respond to of 186894

RE:"I think they did cut those 8500 jobs. Now, if that article is right, 20,000 more. Guess the SF Bay Area housing market won't be the only one going down. Houston (and Austin) we have meltdown." Like I said repeatedly...Real Estate is the only thing holding up the economy. When that collapses...you can play the taps... I'm still not understanding how you can blame Greenspan... The Y2k bubble formed and now it's bursting... You had it right...stay true to your convictions... Jim