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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (6785)	11/7/2002 10:46:18 AM
From: willcousa	Read Replies (1) \| Respond to of 95616

Maybe what we have is people so busy trading houses and cars to take advantage of low interest rates that they have neither time nor money to spend on other things.

To: Sam Citron who wrote (6785)	11/7/2002 10:43:59 PM
From: Sarmad Y. Hermiz	Respond to of 95616

Sam, >> The Fed rate cut can't do anything about this source of deflation, can it? Sure it can. The Fed is creating dollars to replace the dollars that leave the US and don't come back. I don't know what the Chinese do with their dollar surplus. But apparently they are not spending it - yet. >> I don't see how Fed policy can do much to address the overcapacity issue with interest rates so low already. It can't. And I don't see how that can be their goal. Or their role. >> Is it really going to stimulate aggregate demand that much when borrowers are up to their eyeballs in debt? Yes. Because it will reduce the carrying cost of their current debt. And the assumption is that they will max out their home credit line again. Sarmad