New US Economy Policy Message Board

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Strategies & Market Trends : New US Economy Policy

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To: Arthur Tang who wrote (105)	1/24/1998 8:52:00 AM
From: Arthur Tang	Read Replies (1) of 435

Wall street and the new economy? Wall street's story for the day is often wrong because of some smart money trying to tell others where the money is going. Forgetting that almost all the money is fully invested, stock pickers walk into many disastrous situations that only happen for a very short time. Businesses tend to be steady, because of their installed base or captive customers. Many business problems are not permanent; many management consultants can fix problems quickly if the new economy is known. Economy does not disappear. Jobs do. Jobs depend on companies, who do the hiring, prosper. Wall street analysts often fix up and turn company around to do more hiring. Wall street hires more management consultants, with MBA degree; who can fix up companies based on text book solutions. Then why worry about stock picking? Creat more jobs in America, and manufacture all goods here by automatic production and assembly equipment. Why worry about Asian cheap labor, or product dumping? Each country has to follow our leadership on our new economy. Why should we feed them and cloth them? They have two hands and two feet as well, and can print all the money they need, just like we did.

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