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

To: Mike M2 who wrote (79308)	4/11/2000 10:40:00 AM
From: BGR	Read Replies (4) \| Respond to of 132070

Mike, Let me summarize the article as I see it: 1) I work in finance and use the basic functionalities of Lotus 1-2-3. A P90 is, therefore, all that I need. By extrapolation, a P90 is all that the world needs. 2) A close friend of mine who works in the technology sector was working overtime in preparation for Y2K. By extrapolation, the entire white collar sector must have been working overtime in preparation for Y2K. 3) Putting 1 and 2 together, productivity growth must be way lower than reported. I am impressed by the originality, rationality and depth shown in the quoted article! I am thinking about starting a contribution to Grant's. Thank you for the reference. -BGR. PS: The article claims that the Y2K Monetary stimulus has been completely withdrawn. Why didn't the market go down with it, if the injection of it was the sole reason for the market to go up in late 1999, as many claim on this thread? Ho ho ho!