[PEN-L:28152] RE: Brad DeLong still upbeat

["Davies, Daniel" <daniel.davies@xxxxxxxxxxxx>]

> "If
>information technologies really are information technologies, then
>inventories should behave better in the future," Mr. DeLong says, echoing
>an argument Mr. Greenspan often makes. Wal-Mart knows almost instantly
>what's selling and what's not, and adjusts orders accordingly.

As I've said to Brad on numerous occasions, **ahem** Cisco **ahem**

In fairness, oor Brad has an article on his website in which he takes a bit
of this back ....

http://www.j-bradford-delong.net/movable_type/archives/000365.html

dd


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