Andrew Carnegie used to follow Rakesh's strategy. It worked for him, but then the long term trend for steel was very strong. Fiber optic cable ???
Rakesh Bhandari wrote: > Moreover, for those investment projects that are meant to meet a > long term trend couldn't a drop in immediate consumption be favorable > as firms may decide that it's favorable to build on the trend and > thus take advantage of lower depression prices in materials, wages > and possibly interest rates? -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
