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Technology Stocks : Discuss Year 2000 Issues

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To: Technologyguy who wrote (6800)	7/20/1999 11:27:00 AM
From: flatsville	Read Replies (1) of 9818

You've got the number, but consider the highlighted portion >>>International trade is a key component of most economies. In the United States, for example, total U.S. exports and imports have grown from less than 10 percent of GDP in 1960 to 24 percent in 1998, and exports accounted for one-third of overall economic growth from 1987 to 1997. More than 20 percent of all goods and 36 percent of durable goods produced in the United States are exported. Exports of goods and services support over 12 million domestic jobs, and jobs supported by goods exports pay wages that are 20 percent higher than the national average. Imports play an important economic role as well, especially as critical inputs into manufacturing processes and as key elements of the economy.<<< y2k.ita.doc.gov Australia's import/exports is approaching 25% of total GDP. A study found that "The regression equations tell us that with no change in real per capita GDP we can expect the unemployment rate to increase by 1% to 1.6% per annum (the most recent 20 years indicates 1.6%). And, combining the current and prior year effects, a consistent real per capita growth rate of around 2.1% to 2.3% is required to prevent an increase in unemployment. cor-ex.com So you don't think the terrible remediation situation abroad is gonna effect import/exports? Chop a few points off GDP? No effect at all, huh? You do realize that based on the study cited above import/exports must actually grow for the unemployment rate to remain stable? (Yeah, right. No effect at all.) If you have any real data to the contrary I'll be happy to look at it.

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