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To: Jacob Snyder who wrote (57816)6/12/1998 8:32:00 AM
From: Francis Chow  Read Replies (1) | Respond to of 186894
 
News URL's:

Compaq cuts and additional 2,000 jobs:
zdii.com

Alpha will probably still be clobbered by Merced:
zdii.com

New build-to-order startup offers Intel and AMD machines:
techweb.com

Your financial facts private?:
washingtonpost.com

Intergraph details Intel's charges:
news.com

China's foreign exchange reserves plateau,
exports down, currency under pressure:
foxmarketwire.com



To: Jacob Snyder who wrote (57816)6/12/1998 8:39:00 AM
From: Francis Chow  Respond to of 186894
 
<Re: I don't know where you get that from.>

Federal Reserve Chairman Alan Greenspan warned Wednesday
. . . from paragraph one of the article.

"I put the odds of a Fed tightening before the end of the year
at more than 50 percent," Stephen Axilrod, a former Fed Board staff
director for international affairs, said.

. . . from paragraph eleven of the article.



To: Jacob Snyder who wrote (57816)6/13/1998 2:00:00 AM
From: TTOSBT  Read Replies (2) | Respond to of 186894
 
>"re: "Greenspan warns + possibility of fed tightening before year end > 50%:" "He stated that he continues to be surprised by the fact that low unemployment has not produced any signs of inflation. If you read what the man said, and don't get the information second or third hand, there is no way to interpret it as a warning of impending fed tightening." "<

IMO Greenspan been talking a good interest rate fright for past two years. If interest rates needed to be raised Greenspan would just do it and he wouldn't be saying he was going to! Also the bond market collectively knows better than Greenspan that interest rates need to be lower, hence Greenspan fear's if he lets on than market will take off and that would create a bubble he could not handle so he is steering us to more moderate type investing. What he is doing essentially is just like raising rates without really doing it.

TTOSBT