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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 226.05+1.3%Nov 14 9:30 AM EST

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To: Arran Yuan who wrote (25105)4/28/2012 10:42:38 PM
From: Sun Tzu2 Recommendations  Read Replies (2) of 25522
 
I agree that the economy is recovering. I thought about the chart after I posted it and concluded that it is a misdirection...perhaps intentionally, perhaps not. The numbers show the increase in debt and the increase in GDP. What you cannot conclude from these numbers is that GDP would not have shrunk without the increase in spending. And so you have no way of telling (from just these numbers) if the conclusion is correct...on the other hand, I have no reason to believe GDP would have shrunk if it was left on its own; I'm just saying that the presented evidence does not support the conclusion. Over all, I suspect we spend too much money on things that go kaboom...it is not surprising that since we literally burn a lot of money, our spending is not very effective in boosting the economy.

BTW, has anyone been keeping taps on the Internet itself - there is a quiet crisis of bandwidth shortage brewing - ditto for cell phones and wireless - it is almost like 1997 all over again, without the irrationality.

ST
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