vl, ever heard of a 125% equity loan? almost everyone in america has. folks are monetizing their home equity at record levels since alan.com lowered rates (10/98?).
chained dollars represent half of gdp growth and all of the "new economy."
computers did not give alan.com and company the economic results they expected. their "theories" led them to believe that the economic benefit of computers should be "goosing" the economy when, in fact, the economic numbers showed very clearly they weren't.
instead of challenging their theory, as they should have, they began to adopt the methodology of measuring computer technology and calling it an "economic benefit."
these technology "economic benefit" dollars are called chained dollars. they aren't real and no country had used them in the history of the world until the u.s. adopted them in 1996.
it is becoming more clear to me daily that computers, in general, do one thing well. they do not generate economic growth. there is no "new economy." computers take from the workers and give to the owners. net, net, there is no macro economic benefit, just the transfer of wealth from worker to owner. iow, it takes fewer workers to do the same work, but net, net, they don't generate that much extra business.
if alan.com stops making access to credit so easy then this so called "new economy" will crumble in a heap of ashes faster than you can say "howdie-doodie."
and he knows it - which is why he keeps the spiggots flowing. watch what alan.com does, not what he says. |
