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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (3224)	7/25/2003 12:04:18 PM
From: LLCF	Read Replies (1) \| Respond to of 4907

Yes, and he never [that I recall] downplayed the 'wonderfulness' of the net: Blasnik: <<i agree that the net and all those wonderful new technologies are great for consumers and that technological progress has created a host of new industries and opportunities. >> BTW, Guilder [suddenly morphed into new era economist] attacked like a shark in a sea of blood: <The PC is capable of publishing the document to millions of people simultaneously on the net; and it is capable of reaching a billion web pages comprising hundreds of terabytes of information across the net rather than merely a few megabytes of contents in a local hard drive. It taps into optical networks that are increasing their collective bandwidth by a factor of billions and moving that bandwidth ever closer to end users. Unmeasured in productivity data that ignores new products, the creativity unleashed by the net is best revealed by the efflorescence of scores of thousands of amazing new technology companies and the enrichment of stock market values in the face of a hostile Federal Reserve that does not comprehend the new economy any more than you do.>> Direct and prescient hit to Guru: <<we have had investment manias with a backdrop of rapid technological innovation, low inflation and loose monetary policies before...and at their tail end the gurus always show up to explain to us how it's different this time and how the laws of supply and demand have been repealed in the 'new era'.>> <<it is typical that the proponents of this rationalization resort to the supposed non-measurability of what is happening...i repeat, economic output can be measured in dollars, no artificialities are needed. after all we measure the value of the stocks involved in producing all this great new technology also in dollars...they are still businesses that have to produce profits, no matter how many terabytes of information cross the net.>> DAK