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The whole article was interesting, the first optimistic since I donīt
remember when...
The selected fragment attracted my attention for a specific reason.
It is obvious that he searches for a Long term continuation pattern
[like I search for the short term].
Continuation is a difficult question in any time frame.
Dimitris Tsokakis
--- In amibroker@xxxx, "eseward_2000" <eseward_2000@xxxx> wrote:
> Yes, Dimitris, I heard some discussion of this in an American
> Enterprise Institute forum on c-span yesterday. Interesting stuff.
>
> Bill
>
>
>
> --- In amibroker@xxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx> wrote:
> > ...
> > "Based on historical experience, it seems improbable that all of
> the large rise in multifactor productivity could be attributed to
> cyclical or transitory factors. Conversely, it seems very unlikely
> that all of the increase in the growth of productivity could be
> attributed to structural influences. The truth, presumably, lies
> between these two extremes, but where has yet to be determined. At
> minimum, however, it seems reasonable to conclude that the step-up
in
> the pace of structural productivity growth that occurred in the
> latter part of the 1990s has not, as yet, faltered. "
> >
> > ...
> >
> > [from the interesting, as usual, speech of Oct23 of the Chairman
of
> FED Mr Allan Greenspan
> >
> >
>
http://www.federalreserve.gov/boarddocs/speeches/2002/20021023/default
> .htm ]
> >
> > Dimitris tsokakis
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