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To: long-gone who wrote (40698)9/23/1999 11:12:00 AM
From: Bobby Yellin  Read Replies (2) | Respond to of 116927
 
I got your point but I thought it was pretty localized..
Yes I think Clinton's adminstration has tried to do everything to increase the job market here
but I think much has been fueled by stock market..fueled by low interest rates..not high tech productivity..plus Japan's having given away money for financial typies



To: long-gone who wrote (40698)9/24/1999 7:56:00 PM
From: Hawkmoon  Read Replies (3) | Respond to of 116927
 
Yes Richard, I would use that "buddy" term very loosely... :0)

As for Bobby's comment that we not seeing much in productivity gains, I pretty much disagree. I see productivity increasing significantly as ecommerce continues to exert competitive pressures upon industry to find further business efficiencies.

I believe ecommerce will continue to maintain pricing pressure on goods and services as we see so many products commoditized.

Y2K really has put a crunch on the business sector since they have been forced to maintain systems in place if they had not replaced them already by 1997. 2000 should see a resurgence of business restructuring and especially bank merger activity (which was also negatively affected by Y2K distortions).

There is a lot of turbulence in the economy right at the moment, but I believe the trend is irreversibly towards doing more and more business via the internet, which should continue to continue to contain inflationary fears.

And the US is #1 on the technology front, and area that much of the world has yet to delve into.

Btw, as for you hope that I would go long the gold market, I would rather short selective issues. The inflationary indicators just aren't there to the degree that would make gold attractive.

However, one caveat to my current opinion would be something occuring that is politically or militarity disruptive, especially in Asia. China is still a wildcard.

Regards,

Ron