DOW 36000 - Glassman and Hassett Message Board

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Pastimes : DOW 36000 - Glassman and Hassett

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To: Sid Turtlman who wrote (23)	12/10/1999 9:26:00 AM
From: Clouseau	Read Replies (1) of 42

Sid - That is a pretty bleak picture. Now then, wouldn't the revenue from the peanutbutters.com be spread out so that Yahoo et al get recurring revenue? Surely they dont rely completely on new IPOs for biz growth... And I guess I am confused with the productivity argument - replacing people with computers...companies are buying computers and software, but unemployment is low low low...so workers are doing more with the new tools. Of course in the manufacturing industries it is a different story...comnpounded with the transfer of biz to other countries, compliments of NAFTA, etc. What do you say to Lawrence Kudlow (sp?)- the economist who shows up on CNBC all the time who seems to be saying we can have it all; keep on growing as we are, with low inflation (ie he wants the Fed to quit with the interest rate hikes and let the economy go - as I understand him, anyway)... TIA Dave

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