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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (66699)	8/24/1999 10:13:00 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 132070

Wayne - Maybe you didn't see my initial post. "...In a free market, competition drives all profit levels down towards risk-free interest rates. Larger profits are normally transient events. When some companies make errors, their competitors are even further impacted until their excess inventories are sopped up. Computers may help the first adopters, and may reduce the magnitude of inventory cycles, but soon become just another competitive requirement, not a magic bullet. Any initial productivity advantage will be competed away as lower final product prices ensue..." Do you have any reservations about this? I'm trying to make a case that overall economic measures, real underlying economic performance, and company returns are three different things which may widely differ from each other. Regards, Don