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

To: Mark Fowler who wrote (6201)	4/8/2001 1:25:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 57684

Mark, Great article. I really enjoyed it.

To: Mark Fowler who wrote (6201)	4/9/2001 9:57:56 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

I think Greenspan is waking way too late to learn there is an opposite edge to the productivity sword. While he acknowledges that productivity gains have been driven by technology spending, I submit he fought by the old rules and stunted technology by not realizing how fast enabled enterprises could react, and more importantly by not providing enough residual liquidity for innovation to incubate. By fighting by the old rules I mean he listened to others on the board who remain convinced that fast growth is inexorably tied to inflation. Most of them have probably never used an ATM.