Ian
> -----Original Message-----
> From: owner-lbo-talk at lists.panix.com
> [mailto:owner-lbo-talk at lists.panix.com]On Behalf Of Doug Henwood
> Sent: Tuesday, February 22, 2000 3:48 PM
> To: lbo-talk at lists.panix.com
> Subject: Re: bull market reasoning (corrected)
>
>
> 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
>