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Technology Stocks : Dell Technologies Inc.

DELL 133.78

-0.1%

Nov 14 9:30 AM EST

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To: Lee who wrote (95300)	2/5/1999 3:26:00 PM
From: Chuzzlewit	Read Replies (1) of 176387

Lee, as an inveterate Fed watcher let me pose this question to you: If Michael Murphy is correct in his prediction that the overall non-tech sector of the economy grows at roughly 2-3% per annum, while the tech sector is growing at 20%, and if the trend continues through 2008, at which point technology will contribute 51.3% to the GDP, we would predict that GDP would be growing at roughly 12% per annum, what will the Fed do? This is a serious question because the Fed's actions have always been predicated on the performance of the overall economy which was dominated by smokestack industries. TTFN, CTC

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