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

To: A.J. Mullen who wrote (8301)	5/8/2003 12:16:44 PM
From: Harold Engstrom	Respond to of 52153

>>I can't see deflation as a good thing in general.<< Debt that cannot be refinanced becomes a greater burden, too.

To: A.J. Mullen who wrote (8301)	5/8/2003 2:52:14 PM
From: Ian@SI	Read Replies (1) \| Respond to of 52153

OT Ashley, Deflation has been a fact of life for more than 3 decades in semiconductor electronics. This is one major example of deflation being a great thing. Without that deflation, we wouldn't have ubiquitous PCs, VCRs, DVDs, Broadband to the home, Cellular, PDAs, ... This deflation has spurred innovation, growth as well as facilitating many benefits to mankind. It's also contributing to lowered biotech R&D costs. If one has cash, deflation is wonderful. If one has a current account deficit approaching the size of that which the US has, Deflation could be quite frightening. IMO, Ian