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Technology Stocks : Intel Corporation (INTC)
INTC 40.03-1.3%Dec 1 3:59 PM EST

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To: Mary Cluney who wrote (124126)1/3/2001 5:36:06 PM
From: GVTucker  Read Replies (2) of 186894
 
Mary, RE: I know I am out of my elements discussing economics with the likes of you

There are many that could very persuasively argue that an education in economics puts me at a decided disadvantage in discussing economics.

That said, one clarification:

As for GM and the other US car makers are concerned, fewer talented people are going into that business and their lack of success is clearly correlated. GM has long been run by bean counters instead of car designers, engineers, or even marketers. (let that be a warning for Intel).

I didn't intend to make a comment of the relative success, or lack thereof, of GM. My point was that car sales is a good coincident indicator. When things aren't going well, fewer cars are sold. It has been a very long time since car sales have slowed to this degree. In all of the other 'fake' recessions (e.g. the Asian crisis) car sales didn't miss a beat.
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