How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 478.13

-2.8%

3:18 PM EST

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To: ed who wrote (27172)	7/23/1999 8:45:00 AM
From: John F. Dowd	of 74651

ed: You are exactly right! By reining in capital markets investment in more productive capacity is discouraged and the ability to produce cheaper goods stagnates and we wind up with more new money than nw goods. On top of this it causes the $ to become stronger and we buy more finished goods from overseas thereby importing inflation and giving us a larger trade imbalance. The idea of leaving our tax $'s with the gov't. is a bad one as well as that leaves less money for investment and too much money in the hands of pols. who will spend the money on rooms of vast numbers of bureaucrats sitting on big butts not producing anything but regulations to hamper industry. They then take their paychecks home after not making one widget and will be the first to complain about rising prices. If we are running short of laborers put the bureaucrats to work making something or producing a real service and we will not have to worry about the Philips Curve. Rise up American Investor! JFD

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