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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST
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To: Duffeck who wrote (41264)6/28/2003 1:49:07 PM
From: Dee Jay  Read Replies (1) of 42804
 
"That is way productivity normally increases during resessionary times." That is exactly correct, as taught in Econ 101 as long ago as the late 1950s <ggg>, and still very much a verity.

Warning - balance is very OT:
Of course Keynesian economics also taught that government "pump priming" would end a recession, meaning that increased government spending (even if it meant increasing the deficit) would boost economic activity by letting contracts to businesses so as to put people back to work who'd have greater incomes to spend and thus create even greater business expansion.

Currently the greater deficit comes from cutting receipts to government with no increase in government-induced economic activity (except for Bechtel and others in Iraq), in fact, less government-promoted services is the goal in certain quarters.

While targeted government spending (whether it's new highways of the Eisenhour era or new electronic infrastructure of the Clinton and possible future eras) does indeed promote business activity and profits and hiring, it has yet to be proven that givng multi-million $ tax decreases causes business activity to increase, even with the token added $ to paychecks due in July or the $400 credit per child. Certainly not much and not enough to lift us out of the doldrums.

IMHO

Dee Jay
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