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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Tom Kearney who wrote (1959)	10/7/2000 4:42:44 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 57684

It's good to reflect when enduring these temporary seasonal market adjustments that there's a lot of great things going on in the world, and most of us are a lot better off materially than we've ever been. Tom, This is an excellent point and a good comment. I want to comment on the diverse opinions that appear to be eminating from analysts, economists, journalists, etc. that are not making a bit of sense. There is a trend to believe the economy is slowing in the US at least for the US tech firms. The cause given is weak world wide demand and the main blame is Europe. Then there is the trend to believe unemployment is too low so the economy is too hot and a possible rate increase may occur. One could argue the economy in the US is general is strong here but Europe is weak (although your recent report does not show that) and since most firms sell internationally earnings will be weak. However, if the internation economy is weak, then that should slow our economy based on the above premise. My only point is something is twisted here. We can't have both cases. Glenn

To: Tom Kearney who wrote (1959)	10/8/2000 1:58:20 PM
From: Robert Rose	Respond to of 57684

<It's good to reflect when enduring these temporary seasonal market adjustments that there's a lot of great things going on in the world, and most of us are a lot better off materially than we've ever been.> Amen.

To: Tom Kearney who wrote (1959)	10/8/2000 9:12:07 PM
From: 16yearcycle	Read Replies (5) \| Respond to of 57684

Tom, I bought a truck/race trailer-hauler Wednesday am in Omaha(a guy has to diversify;>)) and drove it back along I-90. Got home Friday afternoon. If Greenspan thought the wealth effect was out of control, he would have felt differently if he would have gone with us on the drive. I went through a few towns where mobile and trailer homes easily outnumbered any other residence. I am not trying to be funny, but most of the folks we ran into along the way had more fingers than teeth. It would be really neat to have accurate figures on who in hell was getting wealthy besides the folks here on SI. It had been years since I drove the highways and was a real wake up call. I see the poverty in Kauai too, but it never sinks in since it is a paradise. It was about 9 degrees in Butte on Thursday.Police scanners are still big entertainment back there. These folks have it very tough. And if there was a trickle down effect the last few years, I think the stream is in danger of drying up.