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To: AugustWest who wrote (15182)	12/3/2002 5:27:21 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

UPDATE - Merrill int'l brokerage chief quits -co source biz.yahoo.com

To: AugustWest who wrote (15182)	12/3/2002 6:00:08 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

the answer is "yes"

To: AugustWest who wrote (15182)	12/3/2002 7:21:21 PM
From: Techplayer	Read Replies (1) \| Respond to of 57110

AW, Did you write his quotes? If not, he and Paul O'Neil are on a bender. TP

To: AugustWest who wrote (15182)	12/3/2002 7:38:42 PM
From: AugustWest	Respond to of 57110

McTeer: "Monetary policy is a lot like vodka. You say it's not working and it sneaks up on you." I think we've learned that front-loading policy is a good idea," he said. "I think we've learned to give our monetary policy out with a tablespoon rather than a teaspoon." "I don't mean that I convinced them," he said. "I just arrived at that conclusion a little earlier than my colleagues." Businesses "can't just keep increasing output without either hiring more workers or investing in more technology or doing something," I don't know how long it's going to be," he said. "It's already taken longer than I would have guessed." There was more foam and less beer than we thought," he said. "And then I say, even so, it was a remarkable period. There was still a lot more beer than before." "So while things weren't quite as good as we thought, they were still damn good," he added. "I believe that technology - as soon as we get the next new thing - will be up and running again." For one, he carried around a "New Paradigm Frog" to illustrate economic conditions during the boom. (The frog is currently an endangered species, he said, and is in hiding.) "I just have more fun, and it makes me a little bit different," he said. "I guess if you're herding cattle, the maverick is the one who's sort of separate from the herd and it's easier to lasso."