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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: oldirtybastard who wrote (105708)5/31/2001 1:01:51 AM
From: oldirtybastard  Read Replies (1) of 436258
 
reuters.com

some turdbytes from McTeer:

And longer term the Fed president said he remains confident that the United States can return to the halcyon days of high growth rates, strong gains in labor productivity driven by technology improvements and low inflation that the nation enjoyed in the late 1990s -- a cocktail known as the new economy for which McTeer long has been a cheerleader.

"It'll be back, but I don't know when," he said.

McTeer, however, cautioned that during this slowdown, the economy may experience some pickup in inflationary pressures because production costs in a high-technology economy are much higher today, so fewer goods sold will cost more to produce

I thought the new economy meant everything was cheaper and more efficiently produced because of productivity, B2B, high tech inventory management, blah, blah. Maybe if I get me a degree in economix I'll unnerstand this stuff
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