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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (8601)	11/28/2001 6:24:07 PM
From: FR1	Read Replies (2) \| Respond to of 99280

Fed is pushing on end of string here? IMHO, "pushing on the end of a string." means that lowering rates have no effect at all on increasing business activity. I think this would be true in a economy that has no driving growth area. The internet is our driving growth area. INTC recently showed charts of the growth in usage during the downturn and it was a 45 degree slope up. The FED is making it so you can't make enough to live on with savings accounts. They want to force fund managers and especially businesees to invest in growth. If there was no dynamic demand in our economy (ie people were just living day to day) we would really be in big trouble. Maybe in a future FED cycle that will happen. Fortunately for them we do have a major thing to develop and millions of willing buyers for the product. Without the internet we would really have a major disaster/recession where stocks went nowhere forever.