bull market reasoning (corrected)

Doug Henwood dhenwood at panix.com
Tue Feb 22 15:47:58 PST 2000


Dennis R Redmond wrote:


>Japan's
>science spending is now something like 2.9% of GDP, the highest in the
>world; the US spends maybe 2.5%, but at least a fifth of this is
>military-related.

Well, yeah, but out of "military" research came the relational database, the mouse, the light pen, the graphic interface, and the Internet.

Doug



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