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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Jacob Snyder who wrote (50616)8/15/2001 6:25:20 PM
From: Fred Levine  Read Replies (1) | Respond to of 70976
 
Somewhat OT--Mainly because I can't think of anything to contribute to predicting the future of ANY stock.

Seems that killer apps need not be high tech, E.g, air conditioning changed the demographics of the US and will change the world. The whole South and Southwest would be climate-hostile without it. The movie and restaurant business was dramatically changed. Technically, AC was well within existing technologies-- a refrig and a fan. If someone could see the implications at the time, and had VLT money to invest, they would be doing better than I am right now.

I wonder if AC will change Equatorial Africa, Northern South America and SE Asia even more?

Are we expecting too much from tech?

fred



To: Jacob Snyder who wrote (50616)8/15/2001 8:36:01 PM
From: michael97123  Read Replies (1) | Respond to of 70976
 
more chance of inflation next year

Jacob,
Would welcome some inflation at this point because in its early stages market may move.
My belief is Fed needs some asset appreciation in the markets to get economy moving again. Its amazing what higher stock prices may bring with it such as increased demand and increased corporate spending. mike

PS some folks are talking about fed actually jawboning banks to make lending easier to the less well established firms. Government bails out banks regularly. Banks screw up in upcycles and then compound problems in downcycles by over-restricting credit. Anybody read or hear about this Fed initiative?.