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To: William Hunt who wrote (88587)12/1/2000 7:54:32 AM
From: CRL  Read Replies (2) | Respond to of 152472
 
BILL,
In a column I read the other day, one of the "financial market gurus" (as opposed to tech gurus) asked whether the productivity revolution was a result of our HAVING computers or of our USING them. Obviously the PC has been on people's desks for a decade or more now and they've been used on a heavy basis in the business community for at least 10 years. So, why did the productivity revolution not begin earlier? I think the answer is clear: it's not HAVING the machines or even USING them, it's CONNECTING them that has ignited the productivity revolution. And I don't think that's a development that can be stopped. I think the state of the global network, which is driving productivity improvements, is pretty safe now from purely financial shocks. But that's JMHO, I could be wrong. Have a good day!



To: William Hunt who wrote (88587)12/1/2000 1:02:00 PM
From: Boplicity  Respond to of 152472
 
You are so right. Greenspan's logic is and continues to be flawed. The market would of taken care of itself over time. I'm sure by now we would of seen what dot-com and all the others flawed IPO's, communication companies etc etc would of been winners or not. Not to mention the markets ability to fund possible solutions to our dependency on oil has been hamstrung. The FED thought they were saving us from ourselves only to create something worse.

Greg