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To: Jim McMannis who wrote (142677)	9/4/2001 10:21:13 AM
From: Ali Chen	Read Replies (1) \| Respond to of 186894

Jim, "Real Estate is the only thing holding up the economy. I'm still not understanding how you can blame Greenspan..." Jim, I am confused. How housing can possibly hold anything if it does not produce any tradeable goods? Someone have to pay for construction, is not it? Who would eventually pay off mortgage if most people will lose their jobs in manufacturing areas? And does not AG eventually provides for loans which likely be not repaid? - Ali

To: Jim McMannis who wrote (142677)	9/4/2001 1:12:28 PM
From: Tony Viola	Read Replies (1) \| Respond to of 186894

Lawrence Kudlow has it right, as he has all along. He warned against raising too far, and not starting to cut. The Y2K thing may have given a shot to computer sales, but how would it have also caused the boom in telecom, networks, storage, etc. OK, secondariy with storage because everyone was backing up everything twice. Greenspan lives in the 70s mentally. Then, we had the double digit inflation, but there were never any signs of even 5% recently. We should have had a slowdown in computer spending after Y2K, but not an off the cliff effect. Also, were the approaching 1,000,000 job cuts in tech warranted because of this guy's 1970s fears? Time for a change. Bob Brinker, long time supporter of AG, and pretty good caller of market trends, on average, can only say recently that Greenspan is "out of it." Tony