Digital Deflation - Softcover

Tanaka, Graham

Softcover

ISBN 10: 0071498990 ISBN 13: 9780071498999

Publisher: McGraw-Hill Professional, 2007

Synopsis

Unprecedented improvements in digital technologies and productivity have transformed the very foundations of our global economy, rendering 20th-century economic measurements insufficient-and often stunningly inaccurate-in tracking real economic growth. In the groundbreaking and solidly researched Digital Deflation, noted money manager and market analyst Graham Tanaka takes an up-close look at the new economic environment, revealing how far off base many of today's most venerated statistical measures really are. Tanaka introduces models designed to help economists and corporate decision-makers quantify what is really driving productivity growth and corporate value, along with techniques investors can use to uncover and invest in today's most high-potential, undervalued companies.

Combining surprising new ideas and eye-opening analysis with convincing charts and graphs, Digital Deflation explains:

• Why inflation and interest rates are at their lowest levels in decades, and new economic realities that are likely to drive them even lower
• A unique and illuminating analysis of today's "Productivity Revolution"-and what both developed and emerging economies must do to reap its greatest rewards
• How and why many of the forces that fueled the '90s stock market growth are poised to return, along with guidelines investors can follow to profit from those forces

In addition, interviews with Michael Dell, Gordon Moore, and other pioneers and leading players in the Digital Revolution spell out the history of Digital Deflation, what is happening behind closed doors today, and what economists, observers, and investors should expect in the coming ten to twenty years.

About this title

About the Author:

Graham Tanaka, C.F.A. is president, senior investment analyst, and portfolio manager for Tanaka Capital Management and the Tanaka Growth Fund. Tanaka was formerly a research analyst with Morgan Guaranty Trust and a vice president of Fiduciary Trust Company of New York.

From Booklist:

We usually don't want to hear economists talk about deflation because it reminds us of what happened during the Depression, when prices and wages went into a downward spiral and jobs evaporated. But there is another type of deflation that economists rarely talk about, and that is when the quality of goods rises, yet prices remain stable--in other words, you get more for your money. This is an effect that has been unique to digital technologies, and these "cheaper, better, faster" products are what drove the so-called New Economy of the late 1990s. Tanaka has studied these trends and developed the theory of digital deflation, a phenomenon that he says the government has failed to account for in its economic data. Tanaka believes that digital deflation will allow the prosperity of the 1990s to continue, as digital technology pervades every aspect of our lives to increase both standards of living and job productivity at a low cost. This optimistic vision of the decade ahead includes some enlightening interviews with tech giants, such as Michael Dell and Gordon Moore. David Siegfried
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About this edition

• Publisher: McGraw-Hill Professional
• Publication date: 2007
• ISBN 10: 0071498990
• ISBN 13: 9780071498999
• Binding: Paperback
• Number of pages: 432