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Of course (as has been pointed out to me), productivity aside, we now
have the ill effects that pension plan returns and expensing stock
options will have on earnings.
Bill
--- In amibroker@xxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx> wrote:
> 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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