Re: Re: Re: Re: Re: RE: reform and rev

[Rob Schaap <bantam@xxxxxxxxxxxxxxxx>]

G'day Christian,


> Michael wrote:
>
> > Also, interest rates are a very, very weak determinant of
> investment.
>
> Are you speaking generally? If so, do you know of any good empirical
> stuff that supports this?
>

Reckon pen-l has hit a very rich vein of late - gratitude to all.

Anyway, if memory serves, the cable buy-up/roll-out frenzy of the late
eighties was all done amidst seemingly sobering interest rate numbers.
LJ Davis's *The Billionaire Shell Game* makes something of this as he
traces Malone et al's predatory path to the crunch of the early 90s (not
that all those chooks have come to a rest even now).  A romping read,
too, btw.

Cheers,
Rob.