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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Joe Wagner who wrote (27099)	5/24/2000 9:34:00 AM
From: windmast	Read Replies (3) \| Respond to of 29386

Joe, I have a read a number of your posts over the years...and found them informative and logical. Ecconomics should NOT be confused with religion, though economics is largely affected by philosophy more than people think. I disagree entirely with your analysis. It is in my opinion totally incorrect. The free market has had it's praise and planned economies did not deliver the goods it had promised. Last time a government got involved in " controlling values of assets" resulted in the japanese valuations crisis....and a following stagnation that has persisted for a long number of years. I thought that most of the people on this board saw progress and enormous growth through this telecommunication revolution........our switch sitting right in the middle of it all. I believe we are in the stages of a gigantic industrial/modern revolution, where innovation and investments are in COST SAVING investments. This investments are of a cost saving nature. Thus I disagree with the "new economy" vs. "old economy" bull. Was it not Caterpillar ? that had installed an ANCR solution ? Do you think think that Coke and Pepsi and the gas co. will also benefit ( as the customers ) to this improvements ? This " new economy " we are talking about is not the " new "nike or real estate or consumer product co. This is building the infrastructure......like the railroads ...they opened frontiers..........lower cost goods....... Greenspan is stuck to the long run averages.......and they say that productivity can increase at about 3+ % / yr. Thus if gross national income grows at about 3+ % / yr. then no inflation will result ( remember gross national income = gross nat. product ). Anything higher will be inflationary. Of course this is an oversimplification. However it is my belief that we are in the midst of a formidable historic period were the rate of innovation is much higher than it has been during the several years following WWII. Longer run if anything technology ( telecomm) will tend to lower the price of oil through better efficiency. More people being able to affort energy will of course be a countervailing force....but that is what improvement is all about. I apologize for such long commentary that is not directly ancr related.........but I will offer one point of hope. When Mr. Greenspan will get a lot of calls today..from Asia, Europe and South America later in the day......he will hopefully ( I am confident he will )understand that he is playing a game he was not truly ever allowed to....and that the game is now getting VERY dangerous. The Euro is in shit........increasing rates for most countries is a big problem since they have substantial rates of unemployment.......they will be forced to because the $ is too strong.......they would have to cancel/cut orders.....especially large ticket capital equipm., and guess what the USA new economy exports ???? The Fed is in charge of controlling inflation and unemployment.........NOT the value of securities......but Greenspan and the Fed would be out of the spot light then...with inflation less than 4% and unemployment less than 4% who would care about HIS eminence? Now everybody is watching HIM. He does not want to be the rotten guy. He also cannot lower rates by 1/4 pt. now only a week later......The phones will ring ! The whispered about rescue squad will come into action.....world markets are in too much disarrey.....real crisesw where the Fed LOOSES control can easily develop right now. Today I think after an initial big drop you will see intervention.......they cannot do it directly so the big boys will do it. What a piety..........mostly the richer, more conservative cash rich entities will buy the stocks ( will capture the savings and the hopes ) that so many younger visionaries had. I think it is sad. windmast