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Strategies & Market Trends : New US Economy Policy
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To: Arthur Tang who wrote (211)3/12/2000 11:18:00 AM
From: Arthur Tang  Read Replies (1) of 435
 
Wall street week's question on "Old economy vs. new economy?"

Investors are dismayed on the Dow 30 index stocks, thinking that those were the old economy. The new economy is associated with the internet. Nothing could be further from the truth.

The new economy is obsolescence and replacement plus recycling. New products of food, clothing, transportation and shelters, have to replace the old obsoleted (no longer demanded) products. Those business or manufacturers not aware of changing dynamics are failing because of their lack of ambition. Cost cutting, and new products developed just in time to substitute the old products or services, are the new economy principles. Follow the principles and the economy grows. Lazy management jumping on non-productive internet information push, will see their company die in front of them.

New economy thrives on automated production equipment, to attract the disposable income of consumers. Internet network only makes the distribution of goods and services easier by providing information and processing the data to effect shipments. Itself is not productive and does not change productivity. Have you ever got stuck on the net and waiting for the bandwidth to clear up, so that you can finally get the information you want?

New economy is everything done faster and cheaper. Higher standard of living, working less hours and enjoy more time to yourselves all within the restrictions of your income. Giant companies on the Dow index are doing just that to have you spend your money on their new products and services.
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