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To: patrick tang who wrote (15334)	9/30/1998 3:51:00 PM
From: shane forbes	Respond to of 25814

Patrick: I think LSI has a poison pill in place - though I will have to check. IMF thing: dailynews.yahoo.com Shane.

To: patrick tang who wrote (15334)	9/30/1998 4:15:00 PM
From: shane forbes	Read Replies (1) \| Respond to of 25814

Patrick: Another reason why I think that AG did not go the 1/2 point drop immediately is that there is a lot of fake wealth because of the high stock valuations in the US Large Cap Market. This is fake wealth IMHO. And it should be corrected. Propping it up artificially with a large interest rate drop is asking for even worse trouble. I think it is prudent to do this slowly over time. Even if the US does slip into recession there is nothing extraordinary about this - capitalistic economies have to go through recessions every now and then. Of course it isn't fun for shareholders and especially employees but for every period of prosperity there has to be a shorter period of despair. The US has enjoyed perhaps an unprecedented bout of prosperity and now it may be time to face the Wailing of the Wolves <g>. Shane (With cheap internet/international labor the best employees and the best companies are those that are the brightest and forever learning/reinventing. The days of long term job security and Defined Benefit Pension Plans (just had to throw this in) are as passe as the Dodo and Erik Estrada <g>. Eventually things will work out.)