Last week I had lunch with a group of about 50 people at the Estancia in La Jolla. The speakers were all from J.P. Morgan, and they seemed to be fairly bullish on the equity part of the economy. They particularly like the technology sectors of the economy and feel that fixed assets will do well as we work our way out of the lingering effects of the recession.
– Bob
Speaking of IT & the economy, I saw today that Google purchased over 1,000 of IBM’s patents. Reports indicated this is mainly for new ventures into wireless by GGOG…making mobile computing a reality on their platform(s). We need competition for the iphone IMHO.
Fixed assets will do well, in part because inflation is coming, if not here already. IT will likely be an enabler for fixed asset productivity.
C