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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 387.19

-0.7%

Dec 2 4:00 PM EST

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From: Maurice Winn	2/9/2006 1:19:12 AM
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Big Ben and others recognize the ethereal but vastly profitable nature of R&D and the cyberspace economy: biz.yahoo.com <But in 1999 -- six decades after Kuznets laid the groundwork for calculating GDP -- Landefeld and the BEA decided to break with the past. The BEA started treating business spending on software as a long-lived investment. The decision was overdue. Companies were spending more than $150 billion annually on software, far more than the $100 billion for computer hardware. And the software often stayed in use longer than the hardware.> It's far more valuable than gold - a cryogenic bunch of Aztecs hoping for catastrophe which isn't going to come [unless H5N1, a derivatives counterparty cascading collapse, or other fun events come to pass]. Mqurice

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