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To: Dr. Jeff who wrote (87515)9/2/1999 5:35:00 AM
From: John F. Dowd  Respond to of 186894
 
Doctah: Looks like you are short the techs-ouch! What you and AG didn't count on was a balanced budget and gov't surplus plus remarkable growth in productivity vis a vis electronic commerce and industrial robotics. When the growth rate of a multitrillion $ economy clicks along at 3-5% there is no end to what prosperity is there for all t enjoy. I hope AG and folks like you don't reign in the economy to the point of recession.

Also we have benefitted from the cutback in defense spending forcing the asssets from that sector to be redirected in more efficient paths. We will soon have to rebuild this sector at the expense of growth or curtail our do good military ambitions. Thanks for the correction on 70% vs. 50%. JFD