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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: Michael Watkins who wrote (40579)2/19/2000 12:23:00 PM
From: Hawkmoon  Read Replies (1) of 99985
 
There's a limit to how much technology can do to eek productivity gains out of the system

Well, there's a limit to everything Michael. But I think we have a long way to go before the efficiencies inherent in an information based economy are fully realized.

And the rest of the world still seems to be lagging far behind (or maybe it's just the cultural and economic differences) and have yet to begin to exploit the efficiencies.

But there is little doubt that some of the old economy industries are falling on hard times and their importance will be replaced by the new economy of IT based economy, with their market being the rest of the world which lags behind.

Personally, if there is any bottleneck to increasing productivity, I would believe it would lie in our dependence on foreign suppliers who may not be as able to supply a JIT economy.

Just my opinion

Regards,

Ron
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