----- Original Message ----- From: "Erik Reuter" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Saturday, October 19, 2002 10:24 AM Subject: Re: Well, This Is Fun...
> On Sat, Oct 19, 2002 at 07:24:28AM -0700, Bradford DeLong wrote: > > I've scored (though how long it will last I don't know) a monthly > > column in _Wired_: "Change." > > So, how much is the going rate for a Wired column? > > > What do people think that _Wired's_ subscriber base and other readers > > need to be told? > > That's a rather broad question. I read Wired sometimes, and here is a > question that occurred to me: > > How can growth of all the companies in a stock market (total market > capitalization) consistently outpace growth in the GDP of the country > in which the stock market is located, as it has for many years in the > United States? Can this continue indefinitely? Ooo ooo, can I answer this one before the professor does? It can't, that's why the stock market fell. IIRC, market capitalization/GDP has historically been between 40% and 80%. It reached absurd heights, (maybe 150%) back at the peak. Its now close to 80% or so. IMHO, this is a real good number to see whether the markets are overvalues. But, I will defer to our resident noted economist to correct me. Dan M. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
