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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Ken98 who wrote (34618)	11/7/2000 3:16:22 PM
From: Ken98	Respond to of 436258

Clownspeak Report: <<VIENNA, W.Va., Nov 7 (Reuters) - The U.S. economy should continue on its stellar path for the next 12 to 18 months, Federal Reserve Bank of Richmond President Alfred Broaddus said on Tuesday. "The economic future of the United States looks very, very bright for the next one to one-and-a-half years," he said, noting that he considered the ups and downs in the stock market, violence in the Middle East and sky-high U.S. oil prices in making the prediction. Broaddus, speaking at a luncheon sponsored by the Ohio Valley Roundtable, said he did not predict the U.S. economy would experience a major economic slowdown that would threaten to derail the record U.S. expansion, which is now in its 10th year.>> Got Raybans? Round II: <<NEW YORK, Nov 7 (Reuters) - Economists at a regional Federal Reserve bank this week said increased technology use may be having a bigger impact on overall economic growth than some critics may have previously allowed. Casey Cornwell and Bharat Trehan, researchers at the San Francisco Fed, found evidence "that suggests there is some room for optimism about the benefits associated with the use of IT (information technology) in the rest of the economy." In the bank's latest Economic Letter, the two said that international data offers tentative evidence that recent technological changes may have contributed to the surge in productivity. American workers have become increasingly productive over the past years, with productivity rising by an estimated 3.8 percent in the third quarter of 2000. Because of these gains, many analyst said a new paradigm now exists where the the U.S. economy can grow more strongly for longer without inflation pressures filtering through. Many analysts say these gains are linked primarily to technological innovations but some critics contend computers have failed to impact the broader economy because they simply substitute for the work humans used to do. Economist Robert Gordon, a professor at Northwestern University, for example, argues that software changes and the Internet will not spark an extended period of prosperity because they fail to break new ground as earlier innovations like the lightbulb had done. The Fed economists said while other highly industrialised nations have not experienced a productivity surge like that seen in the United States, cyclical factors may have have been to blame. They added that technology may not have yet fully integrated itself into these economies the way it has in the U.S.>> Got more hedonic adjustments? And, darn those "other highly industrialized nations", they need to "integrate" our productivity measurements so that our cooked numbers don't stick out so badly.