Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 217.17

+0.3%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: WBendus who wrote (8191)	8/8/1997 8:15:00 AM
From: Randolph Gwirtzman	of 61433

OFF TOPIC If your predictions are correct, we're in for some staggering volatility in the bond market. I have no doubt that this would spill into the equity market, particularly the tech area. Regarding the Phillips Curve: I was always amused by this concept. Theoretically, I think that the relationship must be true. The problem with using a graphical "curve" however, is that we never really know where on the curve we are. That is to say, how do we know what threshhold employment percentage will re-kindle inflation? It used to be that the employment levels we are currently experiencing would have caused a market meltdown. One thing that has likely changed in the past twenty years is the restructuring (downsizing) and general de-unionization of the labor force. The threat of losing one's job, coupled with a decreased ability to organize in force holds down the traditional wage-price spiral. Thus, you can have a lower unemployment rate without pressuring wages. In this regard, I think that the UPS strike is quite ominous (the new Teamsters leader is a true activist, and is making unions relevant again).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next