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To: pater tenebrarum who wrote (37299)	1/12/2000 2:02:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 99985

Parry says no need for aggressive fed.... Posted By: The Bond Man Date: Tuesday, 1/11/0, at 8:48 a.m. Parry sees economy growing faster w/o inflation. Growth speed limit now as high as 3.75%. Productivity makes low inflation easier to acheive. Greenspan was right to go slow in raising rates. US to expand 3.5-4%. Faster growth doesn't necessarily mean higher prices. Sees few signs of US inflation. Recent productivity gains pretty extraordinary. Bloomberg interview. prudentbear.com

To: pater tenebrarum who wrote (37299)	1/12/2000 6:42:00 PM
From: Jorj X Mckie	Read Replies (3) \| Respond to of 99985

hb, I am not sure if I understand where disappearing inefficiencies means that margins will disappear. The less visible part of what the internet can provide is an opportunity to reduce the cost of doing business. This would have the effect of increasing margins. As far as how the internet is used in the business world, I think that a comparison that I haven't seen used yet would in process. IMO, the comparison to standardization of parts and assemblyline process is more accurate than a comparison to tulips or other manias. I wonder what the reactions were back when assemblyline were first implemented. JXM