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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (58429)	3/12/2002 12:10:40 PM
From: hueyone	Read Replies (1) \| Respond to of 77400

Actually, I did load those tables in to my computer earlier this morning. I was particularly interested in the table titled "Percent Changes in GDP" and the column titled "GDP Percent Based on Chained 1996 Dollars". Is this the column adjusted for inflation? If it is, then my 3% "real" average growth wag is not out of line. Also, I would think the US economy as a whole is subject to the same problem that MSFT, BRK, CSCO and IBM are subject to: The larger you are the harder it is to grow at fast rates. My 3% "real GDP growth" wag was not even a wag, but instead was lifted from Buffet who seems to be right far more often than he is wrong about the macro math (and the micro math): "So where do some reasonable assumptions lead us? Let's say that GDP grows at an average 5% a year--3% real growth, which is pretty darn good, plus 2% inflation." Yes, the above was lifted from a two year old interview with Buffet in Fortune, but Buffet was talking about the long term going forward (the next 17 years), and he seems to be dead on right with just about everything he said in that article---so far. fortune.com Best, Huey