No. of Recommendations: 0
Actually I have no beef against Greenspan, but consider what is taking place in our economy.

* The Internet cuts material costs by greatly enhancing "just in time inventory."

* "Just in time inventory" reduces capital strain. Less capital statically tied, and rather dynamically available leads to "just in time capital."

* The Internet greatly enhances the ability to move from one job to another, creating "just in time personnel."

These three factors, "just in time inventory" , "just in time capital" , and "just in time personnel" feed on one another. The result is massive reductions of waste, or massive increases in efficiency.
This will take place for ten years on a global scale, in my opinion.

Where our economy needed a dollar to get the job done yesterday, it now needs say 95 cents. Where our economy needed 4 percent unemployment to create a transient work force, it now only needs say 3 percent.

Just thought I would express how happy I am to live now rather than any other time in history.

Foolishly Bob
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.