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Technology Stocks : Rockwell-Spins off Conexant (CNXT) -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (1090)	5/17/2000 7:21:00 PM
From: David W. Taylor	Read Replies (2) \| Respond to of 2013

Check out the back issues of Fleckenstein. It is well worth it. He is very consistent and is also fairly widely quoted. (Herb Greenberg over at theStreet.com is a big fan!) The other issue that you raise, productivity, has also been the subject of recent comment by Jim Grant of Grant's Interest Rate Observer fame. Grant's thesis is that the entire productivity gain, that is generally believed to have occurred, is a complete myth. See 63.236.73.45 Some quotes: "The so-called productivity miracle in the U.S. economy during the preceding five years was entirely centered in one industry, he wrote in a paper presented to the Congressional Budget Office. You will not be surprised to learn which industry..." "There has been no productivity growth acceleration in the 99% of the economy located outside the sector which manufactures computer hardware. . . , wrote Gordon. Indeed, far from exhibiting a productivity acceleration, the productivity slowdown in manufacturing has gotten worse: when computers are stripped out of the durable manufacturing sector, there has been a further productivity slowdown in durable manufacturing in 1995-99 as compared to 1972-95, and no acceleration at all in non-durable manufacturing.?"