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

To: Cynic 2005 who wrote (70979)	11/24/1999 10:38:00 AM
From: pater tenebrarum	Respond to of 132070

Mohan, you're overlooking the fact that both recessions and bear markets have been outlawed. and what's that old-fashioned term "bottom line"? since when does that matter? what matters nowadays is a PLAN, a BUSINESS MODEL and a co's ability to sweet-talk WS analysts and generate investment banking fees for the brokers. what a great virtuous circle....the Fed prints money, the nation of day traders books big profits, and that money is used to buy goods and services from overseas...the perpetual motion machine has finally been invented. <gggg> hb

To: Cynic 2005 who wrote (70979)	11/24/1999 1:19:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Mohan, excellent note. BTW from 1996-8 the use of hedonic pricing for chained GDP overstated real GDP by 38%. take 5.5% growth multiply ( 1-.38) you get 3.41 % GDP growth. ho ho ho . I no longer try to convince people of the dangers and deception in this mania they will have to experience tough love and economic violence for themselves. It is a pity. We are in a new era- an era of unprecedented excesses in debt and deception. Mike

To: Cynic 2005 who wrote (70979)	11/26/1999 9:29:00 AM
From: Freedom Fighter	Respond to of 132070

Mohan, Excellent points. Especially on profits vs. GDP growth. Wayne

To: Cynic 2005 who wrote (70979)	11/26/1999 10:58:00 AM
From: Les H	Read Replies (1) \| Respond to of 132070

Bank of America was also flagged for accounting biz.yahoo.com Another point about productivity/inflation/deflation is that much of the internet's quest for market share/mind share/branding is driven by infusion by capital to subsidize losses. That situation is not unlike the large flow of capital to the emerging markets to build overcapacity just over the past 2-5 years. They're basically just taking money from Peter to buy stock X to sell goods at artificially low prices to Paul with the hope that Peter will strike it rich.