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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (6605)	9/17/1998 10:57:00 PM
From: Tunica Albuginea	Read Replies (3) \| Respond to of 18016

Pat, Greenspan's hands are tied to some degree. If he lowers interest rates he will rekindle inflation because unemployment is so low while economic activity, housing market etc. is so strong. He thus has no choice but to let our economy be naturally slowed by the collapse of the rest of the world. Unfortunately this is a process that he cannot fine tune like his manipulation of interest rates. Once we get past a certain point you can no longer cool the reagents down: the reaction will continue until it is consummated. I think we have crossed that critical point few weeks ago: Russia's and the President's collapse were the two catalysts. The flame now is being kept burning by an irresponsible Clinton. He will not give in. He has literally taken Congress on, blackmailing them, threatening them with exposure of dark, long forgotten secrets of their past, such as may be found in the 300 + FBI files they had in their hands for months. This is why the Judiciary Committee did not decide today to release the Monica tape. They are afraid of their past being exposed while reelections are near. In fact I think that Congress will slowly regain control: there's too many good men, IMHO. They will suddenly realize that what is really going on here is a fight between US Congress and the Arkansas mobsters/Mafia led by the brave Billy the Clinton. The whole Arkansas gang.Many are in jail already, Governor Guy Tucker; Web Hubbell, Susan Mc Dougall. But others are still around.They inhabit the White House. Tyson Foods with stock broker " Red " who gave Hillary $100,000 in commodities futures gains in a few weeks, starting out with only $5000. And that was Hillary's first foray too !!!! Shredded records at the Rose Law Firm. Records disappearing from dead Vince Foster's briefcase in the hands of Hillary's secretary M.Williams. Appearing out of nowhere 6 months later in the White House Library coffee table. So Congress I think will realize this is the mob. They will take their kid gloves out and we are going to have one giant slugfest in the White House lawn. And around them, the US Market will slowly collapse: down about 40% sounds like a good guess. I think that will be a great place to start. As far as telco spending, well.... I don't know. If the market is collapsing around us we may just, I say just, be able to hold off the alligators. Time will tell TA