| Headline: A super-soft landing still looks most likely Source: Euromoney Date: January 2000 Author: David Roche Last February, I predicted that the next shift in the US economy would be to lower growth and low inflation. This would be volatile for investors and disastrous for dot com investors. But it wouldn’t herald a global equity bear market or global deflation. Indeed, it would raise the curtain on a more sustainable growth rate for the US and the world. The new economy – including the impact of technology, globalization and rationalization – vaccinates the world against high inflation with the serum of competition. It also drives growth by the transmission chain of new technology creating new products that create new demand. In turn, that makes money for somebody. |