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Politics : Formerly About Applied Materials
AMAT 259.08-4.1%3:59 PM EST
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To: Proud_Infidel who wrote (37638)9/30/2000 11:17:59 PM
From: Ian@SI  Read Replies (1) of 70976
 
and from another Barron's article, another rather surprising statement. If they keep this up, we'll have to change their name from Bearons to Bullons. ;^)

Ian

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...
The reason for his [Alan Greenspan's] tolerance, of course, is America's ongoing productivity shock -- emphasis on "ongoing." Indeed, unlike the kids in the street and the old codgers in the conferences, Fed insiders tell Barron's that Greenspan and many of his colleagues think the U.S. economy's best days may be yet to come.

...

Greenspan thinks we've yet to feel the full benefits of the telecommunications and computer revolution that's swept the economy. And what the Fed is hearing these days -- particularly from district Fed banks scattered around the nation -- is that the downshift in growth may actually spur a new wave of productivity-enhancing, high-tech spending.

...
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