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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (16571)	3/7/2002 11:45:26 PM
From: tradermike_1999	Read Replies (2) \| Respond to of 74559

>>Uh, ok. Let's see the agricultural revolution created modern civilization, and we all know how important the industrial revolution is. So you really believe that the computer and the internet are as important as these two events?<< Yes, I do. How? Why? This seems to be a pretty far fetched statement to me. I can think of inventions in the last century that have changed civilization more than the internet. Take the atomic bomb for one example. Or the small pox and polio vaccines......and none of these compare to the discovery of farming and civilization which totally changed the evolution of man. But here you say the internet is going to maake an even larger quatum leap in humanity. It is hard to take views like this seriously. we really differ, I think, is that I believe that there will be a resurgence in the real economy, starting right now, driven by (a) boomer demographics and (b) productivity that will wash away all the short term concerns and allow quite extraordinary future stock market gains. You believe, if you will excuse me for putting words into your mouth, that current high levels of indebtedness must be washed out in some kind of stock market and economic capitulation/collapse. I do not. The market is either discounting very strong future earnings or is totally out of touch with reality I just don't see a big boom coming with these debt levels. Where is all of the demand going to come from? Not consumers...not real estate...where? As for the productivity - there is no productivity miracle, as I stated in my message that started this there have been larger jumps in productivty in US history so the current producivity gains are nothing unusual when looked at through the perspective of history - which evidently you have a warped vision of - claiming that the internet is bigger than man leaving the life of hunting and gathering and becoming farmers. How will our lives change due to the internet that will be greater than that? We know the answer isn't ecommerce or b2b - lol.