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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (6900)	8/14/2002 9:30:32 AM
From: Ian@SI	Read Replies (1) \| Respond to of 52153

OT [macroeconomics] I'll make this my last post on this topic hopefully keeping Peter and the other thread readers from getting too annoyed. <g> First to Londo: Deflation isn't always bad. e.g. - Semiconductor / consumer electronics sector has seen more than 2 decades of deflation yet has created more wealth than any other sectors that I can think of. Deflation without innovation and growth probably is what kills valuations. I don't know. Second, to David: Agree that US is not an island... However, the US $ is still highly regarded; as are US corporations despite the ENRNQ, WCOM, IMCL, etc. tragedies. While I don't have the charts going back 2 decades, I do believe that the rest of the world is in a similar boat with regard to capacity utilization. Any attempt to raise prices will be met with more supply. Unless of course some country adopts Protectionist policies and puts in tariffs on Steel, Soft wood lumber, etc. Personally, I think that ill conceived protectionism presents a greater danger than attitudes to the US $ suddenly changing. These 2 items may well be linked tightly. FWIW, Regards, Ian