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Technology Stocks : Rockwell-Spins off Conexant (CNXT)
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To: MeDroogies who wrote (1963)11/13/2001 4:12:18 PM
From: gpowell  Read Replies (1) of 2013
 
What I find amusing is that this is the same David Taylor who back in the beginning of the year was screaming at my ignorance regarding oil prices, which he claimed were going to cause gas to top $2 per gallon. Not only didn't it happen (as I said it wouldn't), prices have declined since their peak in early June.

Yes, I recall. He also predicted the fed was going to raise rates another 200 basis points or so because they had done it 1994, this is just before they began their historic lowering of rates.

So...deflation is possible, but not imminent. Certainly not with interest rates where they are and falling, and refinancings up 500% in the last month.

I haven’t been able to spend much time on investments lately, but falling productivity and recent trends in wage demands would seem to indicate increased pressure on costs, yet price appears to be sticky. This can’t be good for profits.

I worry that expectation for ROI will be poor, leading to continued contraction and perhaps a capital flight to higher productivity regions of the world (where might that be?). Does this scenario hold any water?

I lost touch with him. I wonder how it turned out?

Hydrodynamic models are used to describe price evolution, so its possible he was successful.
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