Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (7986)	8/30/2001 9:07:36 AM
From: elmatador	Read Replies (3) of 74559

First lesson on Economics: Economists' output are a public good aimed at the big players. Economists do not direct their academic efforts to explain the economics of Tonka Toys but for Fortune 500 firms gain a better understanding of the markets they operate in. Second lesson: There may be a business opportunity if one, by studying what the economists are feeding the top dogs, see the flaw in their reasoning and attack their market using the weak point they have left on they explanation which the top dog has no awareness. Third Lesson: Economists screw up real big, (in technicolor, sensurround stereo Dobly sound and wide screen) as we can witness in the use of their theories (Game Theory) for auction of spectrum for UMTS/3G.

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