Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (13083)	10/7/2004 5:43:24 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Scott Reamer on Minyanville offered some comments on ATT that I will paraphrase. In addition I will post a quote: Talk about deflation.... ATT is being even more agressive at cost cutting. Previously it was 8% of the job force and that was considered aggressive. What is most damning about cutting 20% of the job force is this comes after 3 years of cost cutting. "This is the power of deflation my dear reader and it has ominous implications for companies and economies laden with debt" Mish note: Most of the minyanville writers believe in inflation or stagflation not deflation. Scott is one of the few that has it right IMO. Mish