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To: Knighty Tin who wrote (198880)10/21/2002 10:28:43 AM
From: stan_hughes  Read Replies (1) | Respond to of 436258
 
Tin - No shit. I kept waiting for him to address the enormous impact of the post-internet ecommerce revolution on traditional V measurement, but he seems to have accidentally left that part of late 20th century economic evolution out of his theory.

Does this make us a tough crowd? ROFL



To: Knighty Tin who wrote (198880)10/21/2002 10:35:56 AM
From: Les H  Read Replies (2) | Respond to of 436258
 
Yes. I thought he was going to go into the chargeoff of receivables due to the failed businesses.



To: Knighty Tin who wrote (198880)10/21/2002 10:54:56 AM
From: Don Lloyd  Read Replies (1) | Respond to of 436258
 
KT,

Les, He had me until the accounts receivable/payable argument, which made no sense at all to me. Perhaps I'm just dense this morning.

It's almost all nonsense. The only monetary velocity that counts is the speed at which a dollar can be balance transferred from one credit card to another.

Regards, Don


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