Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (39194)	2/4/2000 6:06:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 99985

BB have you seen your charts?? home.nyc.rr.com Haim

To: bobby beara who wrote (39194)	2/4/2000 6:34:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Bobby, agreed. btw, the productivity 'miracle' is a highly contentious issue imo, as the bulk of productivity increases has taken place in only one tiny sector of the economy, namely box-making. and there it is mainly a function of 'hedonic pricing' which distorts everything from inflation to GDP data. the government counted $5,8 billion in computer investment growth as 146 billion in 1998 due to this method, inflating GDP growth by about 50%. and there can be no doubt that the very real productivity gains through e.g. the automation of manufacturing processes are indeed largely behind us. BMW has a factory in Germany that's manned by 16 people...how much better can it get? one thing often overlooked is that while PC's and other hi-tech machinery have made various tasks much easier, the complexity of the tasks has increased accordingly. in the middle ages book-keeping was done by hand, but then they only counted how many gold Talers came in and how many went out. this is the price of progress...certainly one we pay happily, but the govt. statisticians make like we've already arrived in Utopia and we clearly haven't. hb

To: bobby beara who wrote (39194)	2/4/2000 7:09:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 99985

Bobby: One can make a strong argument that the advent of the internet will prove INFLATIONARY on balance before long. The internet itself indeed is a force for deflation. But I would argue that the perceived disinflationary impact of the internet is a key reason the Fed has been so willing to flood the financial markets with unprecedented liquidity whenever stocks threatened to take to a big dive. And the inflationary impact of that liquidity flood ultimately will overwhelm any deflationary impact from the internet.