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To: tradermike_1999 who wrote (1987)2/20/2001 11:07:27 AM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
I do not know where the rail road stocks are, but I have some very colorful late 18th and early 19th century emerging market (China) railroad bonds framed. They are in the German, French, English and Russian languages. They cost around US$ 500 a piece from a shop on Hollywood Road where many of the antique shops are. The original cost (face amount) of the bonds were much more. The coupons have not been clipped, nor would they ever be clipped.

The Internet bonds may never fetch US$ 500, as they are printed on smaller pieces of paper, not as well designed, and there are a lot more of them.



To: tradermike_1999 who wrote (1987)2/21/2001 1:00:53 AM
From: westpacific  Read Replies (3) | Respond to of 74559
 
TraderMike - forget the railroads, what about the National Highway System begun in 1956 by the Eisenhower Administration. It was more transforming ultimately than the Internet will prove to be.

The Interstate, as opposed to the Internet, spurred suburban development, efficient greenfield office and production facilities, just-in-time production and that wonder of retailing efficiency, the mall. 'I'd take the economies of scale afforded by the mall anyday over e-tailing.' 'It affords the consumer much greater convenience in finding most anything he wants in one place, an ability to try on and easily return goods and a social experience to boot! The internets only advantage is a wider selection.'

Robert Schiller
Economist, Yale University