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Politics : Idea Of The Day

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To: Crystal ball who wrote (28170)	8/13/1999 6:55:00 AM
From: Lee	Read Replies (2) of 50167

CB,..Re:.future is being made now, by the techs and the Internet Revolution in e-commerce and INCREASED productivity in every MODERNIZING sector of the economy Tech business contributions to our GDP are not even 50% which leaves our old smokestack industries still carrying a significant load. Although this is changing and tech is gaining, we still have to pay attention to 'old' type fundamentals. Latest graph on productivity (non-farm output per hour) does not show that it is ever increasing, measurement problems aside. stls.frb.org Re:.STOCK IS CURRENCY This is totally dependant on the actual or 'real' value of the acquiring company which everyone knows varies significantly. As far as the Fed slowing the economy, did the rate hike in March '97 crimp your market gains? Or did it extend the period in which you were able to make nice gains? Or the rate hike in Sept. '95? decisionpoint.com Regards, Lee

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