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To: edamo who wrote (130988)	6/4/1999 10:59:00 AM
From: Vol	Respond to of 176387

<< ...how many teamsters on msft payroll?>> i could see those guys on strike...signs that say "no pocket-protectors, no peace!" trying to act tough marching around in their tube socks, plaid shorts and star wars t-shirts...

To: edamo who wrote (130988)	6/4/1999 12:08:00 PM
From: Rich Young	Read Replies (1) \| Respond to of 176387

Isn't the argument that higher interest rates would lead to reduced capital spending (i.e. technology equipment) and the discount rate at which future earnings are valued reducing PE's? I thought it was more along these lines than the cost of borrowing for high-tech/high-PE companies. Rich

To: edamo who wrote (130988)	6/4/1999 1:08:00 PM
From: Lee	Read Replies (3) \| Respond to of 176387

Hi Ed,..Re:.leave the economy alone...greenspan and the fed assuming roles that they are not chartered for....think they are gods...rivlin, good riddance too much academia in monetary policies, not enuff common sense and business acumen! Ed, looks like you have a special gripe about the Fed keeping the economy on an even keel so the remarkable expansion can continue! <g> Well, you can't put down AG or Edward Kelley, just to name two FOMC members, for lack of business acumen since they did own their businesses. bog.frb.fed.us From 1954 to 1974 and from 1977 to 1987 Dr. Greenspan was Chairman and President of Townsend-Greenspan & Co., Inc., an economic consulting firm in New York City. Before becoming a member of the Board, Mr. Kelley had been Chairman of the Board, Investment Advisors Incorporated in Houston, Texas, 1981-87. From 1959 to 1981, he was President and CEO of Kelley Industries, Inc. Kelley Industries was a Houston-based holding company with subsidiaries involved in manufacturing, distribution, and business services. Mr. Kelley has been active as an executive or director in a number of industries including metals and plastics fabrication, industrial distribution, cement, steel, construction, trucking, terminaling, and computer services. Mr. Kelley has also been a founding director of three banks in the Houston area. Also, doesn't this incredible demand which has resulted in increased prices for items not impacted by commodity costs worry you a little?<g> For example, the airlines are raising fares and have admitted it's based on demand, not fuel costs rising. Just curious, Lee