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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (149615)	8/13/2002 6:57:19 PM
From: TGPTNDR	Respond to of 1580142

Ted, Re: <Official starts and stops> As for its conclusion, the date is March, 2001, two months after GW was inaugurated. I posted here, in May 2000, that the interest rates were going to kill the economy and that the Fed had made a major error in adding .5%(May 25?) and had better start jacking them back down. By June, I think it was, I posted that if the Fed didn't get busy by November the economy was going to be in a world of hurt. It was clear as the nose on your face, by July, that the storm was coming. The March date is the 'officially recognized' date, based on falling industrial production, of the 'start of the recession' -- that's trailing 3 months of declining industrial production, but long before then it had become unstopable. Even if on November 11 someone had said roll back the rates and start tax cuts the recession would still have happened. It was too late, by then, to do anything. -tgp