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Politics : Ask Michael Burke

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To: BGR who wrote (69959)	11/2/1999 6:42:00 PM
From: Freedom Fighter	Read Replies (1) of 132070

BGR, >>That said, if I understand the Economist article correctly, they feel that while presently the developed economy is only some 5-8% technology-based, chances are it will expand more in the future.<< I think there is little question that technology will grow as a percentage of GDP. The problem I have with using that fact to justify today's valuations is that technology changes rapidly. There is less of a likelihood that today's leaders will be tomorrow's leaders than there is in most other industries. That growth in percentage of GDP may also be made up things we have yet to even get a whiff of. Wayne

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