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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: edamo who wrote (96232)4/19/2001 8:48:52 PM
From: KyrosL  Read Replies (1) of 436258
 
p.s...is the economy better now then in 1973?

This seemingly provocative question you keep posing edamo, is, IMO, the wrong one for investors. The easy answer to your question is that the economy is a lot better than 1973 on most quantitative and qualitative measures.

However, the more relevant question should be: is the future profit potential of US companies better than 1973. My own answer to this question is: probably not. To make a long story short, I think that ultra cheap communications, globalization, instant information dissemination, and eager hungry billions in China, India, etc. make consistent profits in today's world a lot harder for US companies in most fields, and particularly in technology. It seems that for every Cisco there is a number of Globalstars or Lucents. And even the Ciscos are not doing very well.

I think the ultimate winners will be the consumers of the world, not the companies that deliver the goods to them.
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