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Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

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To: Greg h2o who wrote (34233)	2/10/1998 5:20:00 PM
From: Daniel W. Koehler	Read Replies (1) of 61433

Greg <<Oh, and if you think the recent full employment won't eventually lead to higher inflationary figures>> I think it's the Phillips curve phenomenon you are referring to (inflation / employment trade off) has been discredited in recent years as has much Keynesian dogma. Especially since the Phillips curve doesn't factor in new job creation, productivity increases and the role of the global market competition on labor prices. Just my 2 cents worth. :-) Daniel

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