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Strategies & Market Trends : Strictly: Drilling II
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To: isopatch who wrote (12332)5/14/2002 12:22:06 PM
From: Cogito Ergo Sum  Read Replies (3) of 36161
 
Hi Iso,
two things on that post catch my eye:

1-At that point, at least the political constraints on rate increases will have been lifted. And Greenspan's legacy as the keeper of the price-stability flame might be in danger of burning up.
So this melds with your recent view on the gold / commodities ?

2-especially in light of the politically-charged 6% unemployment rate.
This relates (for me) to the whole 'productivity issue' reigning in inflation. To me it's not that simple or maybe I should take the simplistic view and use this example. I used to be a manager at a small software house with 6 or 7 programmers reporting to me. Now I work on my own, self-employed. My billing rate hasn't increased too much, say 15% in 10 years on my own BUT I now do the work of those 6 or 7 programmers (do to technological advances) for a slightly inflated rate, sounds good, sounds productive. I sometimes wonder where are those other programmers ? McDonalds ? My former employer lost most of his accounts to me and one other fellow (who used to be my boss :o) and is now gone from the scene. Maybe the work available has increased 6 or 7 fold in that time but I don't see it. Anyway I'm keeping my eye on employment figures for this 'recovery'. Too many folks confuse 'recovery' with a return to the gogo years of the 90's. all FWIW and MHO or maybe I'm all wet :o)

regards
Kastel
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