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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 680.27-0.5%Dec 1 4:00 PM EST

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To: bobby beara who wrote (71981)3/12/2001 11:46:44 PM
From: Doug  Read Replies (1) of 99985
 
b.B: I hear so much about productivity gains. Productivity gains can be systemic and cylic. When you have a near full economy , there are always gains in cylic productivity.

Every operation has a capacity and an overun capacity. At peak periods the overrun kicks in and shows up as a productivity gain. As full employment recedes that gain also disappears.

To claim all the gains in productivity are due to TECH would be misleading.
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