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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: flyboy who wrote (53924)1/4/2001 10:11:19 AM
From: LLCF  Read Replies (2) of 436258
 
<While you may well disagree with the point I can back it up. >

Your assertion that ATT having financial troubles = tighter Fed policy is falacious IMO. Have you seen the money supply numbers?? Monetary policy is tied to Money Supply no?

<The tightening of funds has caused a sharp decrease in productivity as new technology has seen available capital diminish substantially…>

I think you are arguing that productivity due to technological advances will [has?] slowed due to lack of capital available to the sector. Certainly you're not saying that there has been a technological retracement [reversal of advances previously made]?? Once something is discovered it's usually not put back into the bottle.

DAK
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