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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Paul Fiondella who wrote (22451)	6/4/1998 8:04:00 PM
From: dwight vickers	Read Replies (1) \| Respond to of 42771

(OFF TOPIC) So they take the risk of killing one of the few economies in Europe that has had any kind of decent performance. It is a tightrope they walk, isn't it? Just like Greenspan. He would love to take action to raise rates here and slow the market bubble, but not w/o killing weak currencies around the world. If he lowers them, it would exacerbate the "bubble". But by keeping them where they are in the face of developing world wide deflation, he has created the seeds for the ultimate stifling of our economy. These rates are too high for the level of inflation and other interest rates, and will lead to recession. Interesting quandary. I say he has to lower Fed Funds. If he's worried about the "bubble" he can raise margin rates. But the "bubble" will take care of itself eventually, no matter what he does. Capitalism is self correcting. Recession follows expansion, bust follows boom. It's inevitable. Excesses need to be wrung out. It's like a pressure relief valve. The reason no one can predict or describe what the changes will look like, is because it's different every time. We learn how not to make the same mistakes, which means the mistakes will be different. But there will be critical mistakes. All IMHO, of course. By the way. If this seems complicated or confusing to some, it gets much worse, doesn't it? Dwight