Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Joey Smith who wrote (115760)	6/13/2000 5:14:00 PM
From: Jim McMannis	Read Replies (2) of 1579255

Joey, RE:"20 years ago we hardly had the technology, productivity, and global competition we have now. These 3 things put a "ceiling" on prices. Yes, oil prices can still be high because of its unique industry structure, but remember oil has much less of an effect on companies now than they did 20 years ago (of course, oil will still have an effect on transportation companies)." I think you need to go back to '73-'74 to get the feel of things. That's 27 years ago. Skyrocketing oil prices. Not to mention a protracted 2 year bear market... I agree about the productivity but say what you want. In certain areas of this economy demand is far in excess of supply helped along by the welath effect of course. Maybe the price of high tech electronics is stable because of productivity but they aren't making any more land. Oil productivity may be up but the SUVs, and manufacturing demand seem to be far out stripping supply whether supply is monopolistic or not. Food is another area where productivity has increased yet one of it's limiting factors, oil, may cause that to increase in price as well... Nothing operates in a vacuum. Jim

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