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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.90+0.8%12:33 PM EST

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To: RetiredNow who wrote (62257)11/6/2002 3:07:47 PM
From: telecomguy  Read Replies (2) of 77400
 
"I think we're going to have one heck of an inflation problem a year to two years from now. :)"

Or maybe a heck of a DEFLATION? There is NO pricing power out there.....Internet & technology took care of the ability for business to gouge the customers. The only that keeps the prices positive is wage & oil price going up. Once those temporary factors are removed, prices will continue to go down...ala Japan.
People do not realize that the inflation numbers are vastly overstated over the past decade because the index calculation is flawed...for example many of the goods in the Index basket has gone down in price by over 90% if you take into account functionality, capability, etc. (obvious examples are computers, laptop, cellphone, calculators, and even cars).

Inflation is not going to be a problem for a long, long time....Greenie knows this. The risk is much more on the side of deflation these days -- and technology (internet, software) has lot to do with that strangely enough.
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