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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: UnBelievable who wrote (67121)2/13/2001 11:37:41 AM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
This part of the testimony is beyond frightening; absolutely terrifying would better describe it:

Corporate managers more generally, rightly or wrongly, appear to remain remarkably sanguine about the potential for innovations to continue to enhance productivity and profits. At least this is what is gleaned from the projections of equity analysts, who, one must presume, obtain most of their insights from corporate managers. According to one prominent survey, the three- to five-year average earnings projections of more than a thousand analysts, though exhibiting some signs of diminishing in recent months, have generally held firm at a very high level. Such expectations, should they persist, bode well for continued strength in capital accumulation and sustained elevated growth of structural productivity over the longer term.

So BubbleBoy is relying on stock analysts now, to determine future corporate earnings (and implicitly, future productivity projections)? Holy $hit, I'm stocking up on freeze-dried vittles and shotgun shells RIGHT NOW!<G>

EDIT: LOL! I read down further and see you guys were all over this passage. I guarantee, that won't be the part that makes the network news tonight....<NG>
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