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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (7232)	9/20/2003 6:27:17 PM
From: Cary Salsberg	Read Replies (1) \| Respond to of 25522

RE: "I think you may be going out on a bit of a limb..." Sam, There are two dynamics, the economic one and the political one. I believe the economic dynamic supports my forecasts. The bubble boom/aftermath bust is moving into the past, pushed there by the continuing advances in technology. The monetary policy has been appropriate to the situation. I trust that adjustments will be made by Greenspan when they are indicated and that monetary policy will not be a cause of instability. Fiscal policy is the big concern. Tax cuts were the right thing to do in this slow environment, but they were inefficient and are potentially destablizing for political reasons. The expenditures for war are helpful in the short term but a problem long term. As I see it, some of the tax cuts can be rescinded and the war expenditures can be sharply cut. These will be political decisions. If the correct political decisions are made, the improving economy will get the projected Federal budget back in balance, the recovery will not be abruptly cut off by high inflation and interst rates, my forecasts will be met, and I will live happily ever after!<g>