Chuzz-
I agree with your (eventual) "flattening curve for technology" theory..however, looking at what is going on (and what is planned) for telecommunications, internet, etc....I am hard-pressed to see how anyone, could successfully argue that we are near the "flattening point"....
Businesses, in this country, have only begun to implement the internet for everything from sales to communication.....
Overseas, businesses are far behind the U.S. rate of implementation.
In telecom, in this country, we are just beginning to see such things as high-speed access and data transmission.
Overseas, almost non-existent.
Businesses here have broadly used hardware, and seen the productivity and profit gains as a result.
Overseas, to a much lesser degree.
As investors, a core part of strategy should be to make sure (that the companies we invest in) are savvy in how they plan to expand on a world-wide basis going forward...although growth opportunities will be good in the U.S., they pale to what the possibilities will be overseas...
As a result, the technological curve has only just begun.....the great thing about many segments of hardware, telecom, the internet....as capacity and sales grow, per unit cost fall dramatically...what a great damper on inflation (going forward), especially so given these areas rising % of total output...
(I remember well the $5 a minute phone calls I used to make from Germany to the U.S. while living there....in retrospect, I suppose us Yanks played a big role in funding the formerly ample German welfare system...) |
