How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 430.29

-0.7%

Jan 30 9:30 AM EST

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To: John F. Dowd who wrote (48269)	7/29/2000 5:51:20 PM
From: Jim McMannis	Read Replies (1) of 74651

John, RE:"With such modest wage increase 1% and such great growth 5% while consumer spending is abating leaves only one logical conclusion. There is not even the threat of inflation. Growth does not necessarily beget inflation." --- We've had this argument before but I think you might be looking for inflation coming from the wrong places.... I see...4 main factors. 1. Stock market profits, this is cooling obviously. 2. <<BIGGIE>>Tremendous infusion of money into the economy due to the tax break given to homeowners...NO capital gains tax if hold over 2 years. THIS alone had freed up a tremendous amount of money. Some of it goes into new homes sales, some resales and some a lot of other places. Tax breaks are quite inflationary in their own right...in this case there is added money movement. 3. High oil prices translating into higher energy and construction costs. And enough infused money in the economy to fuel it. 4. Labor shortage...higher labor costs but also higher margins for contractors that don't show up in labor statistics... Jim PS> AG has been hiking and still needs to...

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