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Strategies & Market Trends : The New Economy and its Winners

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To: Oeconomicus who wrote (21435)7/23/2004 12:48:06 AM
From: Lizzie Tudor  Read Replies (1) of 57684
 
there is more to a bull market than profits from cost cutting. This is the key ingredient many economists and senior managers of tech companies fail to accept, or admit.

- dollar vs. foreign currency valuation much MUCH less favorable now than 90s
- inflation now, nonexistant in the 90s (we thought we had this LICKED)
- wage deflation big time, means no purchasing power for individual shareholders
- the future looks dim not bright (related to above)
etc.

If things were better now than the 90s for millions of americans I am certain we would have a better market than this.

Every time I hear somebody say that the wage pressure that Joe 6 pack is feeling "doesn't matter" because corporate profits are so damn good I have to laugh.

Who do these clowns think was buying their overvalued stock in the 90s anyway?
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