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Technology Stocks : Dell Technologies Inc.
DELL 133.20+5.7%Nov 26 3:59 PM EST

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To: Mohan Marette who wrote (121645)5/2/1999 2:16:00 PM
From: Ian@SI  Read Replies (2) of 176387
 
Interesting article.

If I remember correctly, 4Q GDP was 5.9%. During 4th quarter the biggest concern was an impending recession with the threat of sever deflation.

The fed believes that the CPI overstates inflation by at least 1%.
i.e. - it does a poor job of accounting for increased quality, function and reliability of a new device compared to that in the CPI base - especially true for any electronic equipment.

Now we have a slower GDP growth and growth rate; continued evidence that there is no inflation for all practical purposes; and some bond traders who are still driven by the fear of inflation.

I guess until we go through a period of spiraling deflation, they'll continue to fight the last war.

As they seem to focus only on the last data point announced, religiously excluding the bigger picture and every other data point available, it is extremely difficult for me to understand how they've acquired a reputation for being omniscient; or for that matter, brighter than a run of the mill moron.

JMHO,
Ian.
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