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To: Knighty Tin who wrote (85404)2/9/2001 2:08:02 AM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 86076
 
<<It hasn't been much more than a decade when folks were talking about the end of the US as an economic superpower and how we should copy Japanese techniques>>

But MB, copy from them we did! I saw vast dollops of keiretsu tactics employed by the VC's in their various cross-marketing scams. And the yakuza are still in evidence daily from their guest and anchor slots on CNBC......

The one remaining homage to be paid will occur when AG cuts another 550 basis points off the Fed Funds rate, and we go into the "Zero Interest Policy mode". Hopefully the banksters will start writing down their bad loans before 2010.

Regards,

Patron



To: Knighty Tin who wrote (85404)2/9/2001 9:51:23 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 86076
 
MB, i remember that well...in '90 tech was considered not to deserve as lofty a p/e as the rest of the market due to saturation, cyclicality and the danger of obsolescence.

perceptions sure did change in the course of the '90's. to the point where we were told last year that the semi cycle doesn't exist anymore, LOL!