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Author: BuildMWell Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 682573  
Subject: Re: New Economy? Date: 3/29/2000 12:45 PM
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Yep, that pretty well covers it! Good radar you have there jgoss1074.

Just my opinion, the only thing new in our old economy is the way we measure it. In the old days, America was building and growing. Now, we are managing and growing. Productivity is growing, not in efficient people, but in efficient operations without people.

Computers are replacing engineers, accountants and lawyers. Jobs are being 'cookbooked' and 'pigeonholed' to make the business more efficient. Thus, our old measurements may not be seeing the real picture. Even Alan Greenspan admits this. Today, the Consumer Price Index (CPI) does a poor job of measuring inflation and the Fed is unsure of exactly how to measure the Gross Domestic Product (GDP). Their quote, ".....because of a major shift in the process of how one evaluates what we are actually producing." See, even the experts are confused.

So, I can guarantee one thing for sure, we will all just have to wait and see where this is actually going! And you can take that to the bank! If you get out, the market will soar. If you stay in, it will probably crash. So, please, do the right thing. Just, please, don't let us down. The future is in your hands!
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