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

To: 16yearcycle who wrote (11364)	5/7/2002 2:34:42 PM
From: Sultan	Read Replies (2) \| Respond to of 57684

We are not like Japan.. Japan carries cultural baggage like no other in terms of their behaviour.. From personal savings to business practices. No doubt we are in a catch-22 situation.. Business will not spend in terms of capital and IT, until profits and growth improves and that is dicey here since consumers are by all account spending as much as they can but not in the sectors that will make a difference.. Throw in overcapacity and dozens of companies in a given sector ready to cut prices and no killer applications out there, hard to actually predict when and where we can expect a catalyst.. In the mean time, service levels in Telecom, for consumers and businesses will gradually deteriorate.. That might prompt spending to come up.. Either case, not a pretty picture.. And of course, federal deficit here after is not going to look all that great either.. Mania aside, lots of this crappola can be laid at Fed's door step.. On one hand, they were singing praise to productivity improvements and on the other hand, fighting phantom inflation in 1999/2000.. And they are still harping on inflation..