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Pastimes : A Jackass, his PAL(indrome), and GOLD
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To: Jim Willie CB who wrote (1014)3/12/2003 5:39:19 PM
From: Mike M2  Read Replies (1) of 1210
 
Jim, Prechter also makes some good observations about how there is less vigor to this economy vs the 60s based upon capacity utilization, growth rate and many other indicators. His books are worth a read. His observations tie in nicely with the Austrians about the importance of saving and investing . We are seeing the results of capital consumption and malinvestment with corporate profits at a post war low of 2% of GDP . mike
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