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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (728)	9/2/1998 11:50:00 AM
From: Axel Gunderson	Respond to of 1722

>>The U.S. is far less dependent on cyclical industries than most other developed economies.<< This is true, but I have a concern here. A very substantial percentage of U.S. GDP growth in this business cycle has come from technology, financial services, and retail(especially the first 2.) A good point. We could say there has simply been a shift in the cyclical industries on which we depend. Further, while we may be less dependent upon manufacturing industries than other developed economies, we are still more dependent upon resource industries than most other developed countries. Some politicians and business leaders would almost convince you we are a developing nation, so great is their apparent need to "develop" (read: exploit) resources. Axel