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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: Professor Dotcomm who wrote (2174)	12/29/1999 11:37:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 3902

That was a thoughtful comment, Ron. Thanx Professor D... Like dust in my eye, I occasionally am blessed with what resembles insight. But it usually is quickly flushed away... <VBG> I'm not sure whether we can discriminate between conventional and unconventional (internet-related) GDP growth. Either way it represents the total value of goods and services that are exchanged in an economy, regardless of whether it is a cash transaction at a Seven-11 or a credit card purchase made through Amazon.com. It is just another means of interfacing the buyer and the seller. What it could portend is that the "velocity" of financial transactions will accelerate as time is used more efficiently in matching transactions between vendors and customers via electronic means, thus generating even greater GDP growth. After all, isn't that exactly what an economy is, the sum total of all financial transactions which grows as efficency and productivity grows? So, the bottom line is how quickly Japan (and China) can create a cultural revolution that encourages and rewards entrepreneurial spirit and risk taking. Imo, it is just that entrenched conservatism that has prevented Japan from creating many Bill Gates', Larry Ellisons' or Scott McNealys'. The only one who seems to be trying to break that mold is the CEO from Softbank, Masayoshi Son. And undoubtedly, he is seen as a major threat to the current economic heirarchy. Regards, Ron