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To: John F. Dowd who wrote (163713)4/9/2002 8:10:59 AM
From: John F. Dowd  Respond to of 186894
 
To All: CPQ beats estimates Sales up w/o stuffing - Looks good for INTC. IBM's probs. belong to IBM as the new CEO is clearing the decks. JFD



To: John F. Dowd who wrote (163713)4/9/2002 3:53:57 PM
From: Jim McMannis  Respond to of 186894
 
RE:"values in your area cannot have doubled in 2 years and if they have you are in a very peculiar part of the country."

Not all areas but on or near the ater has doubled. Elsewhere at least 50%. Could be something to do with the area but I've found several other areas that have appreciated in kind...not that I have looked at them all.

RE:"I have heard no one complain about inflation in the last 10 years"

Everything was OK until the congress eliminated the cap gains tax on selling a home several years ago. Then RE started to move and inflate. I thought most of the money was coming from stock market assets and some was but when the markets took a dive, RE kept right on inflating.
I can easily show you property here in that was $200,000 a couple of years ago a has gone for over $400,000 recently.
Even before that, when AG was hiking, RE was doing well...but when AG started to ease RE really took off...probably due to the douuble whammy of low rates and no tax.
Like you I wish the FED would have left things alone. But they won't...both Congress and AG. Congress can really make AGs job a lot tougher as well...
As far as you not liking AGs moves...well, now that we can look back, it seems he was in a pretty tough situation. Certain things were inflating...certain things were trashed when he hiked. COmpanies like Lu where also bloated remnants of companies like ATT and were due for an adjustment.

RE:"There is nothing wrong with the government having to borrow at low rates - it keeps our national debt service low and stimulates the economy especially in a time when we are trying to rebuild and recast the mission of the Armed Forces"

Very true.

Jim