Re: Cisco Briefly Tops Microsoft in Value

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From: Manoj Kasichainula (
Date: Thu Mar 23 2000 - 18:46:19 PST

Wrap your lines at 72 characters, please.
On Thu, Mar 23, 2000 at 09:26:56PM -0500, wrote:
> However, bubbles need capital, and unlike desires, capital is
> finite.

Really? When stock can be used as capital, capital is theoretically

> I just don't buy this argument. I've read both of Dent's books, and
> I think his arguments are interesting, but I find it mind-boggling
> that nowhere does he explain why the personal savings rate has been
> declining for the past decade.

I thought that the savings rate didn't take things into account like
stock market investment. That makes it easy to explain a negative

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