Skype Tops 100 Million Downloads - BizReport

Skype Tops 100 Million Downloads - BizReport

Skype reported 100 Million Downloads more than a month ago. VoIP is "creative and destructive capitalism" at work. The telephone world is changing quickly. We will down-load Skype on our new computer at the beach. For most of us, there is no good reason to continue to pay monthly rates for a traditional land-line phone.

This is one of many current situations where cost are being driven down. Technology and free trade are the major factors behind the incredible growth in productivity that is occurring around the globe. China has enjoyed a productivity growth average of better than 6.5% for a decade. During this time, long-term interest rates have fallen, fallen some more and some more. One should not expect inflation or high long-term interest rates as long as the aforementioned forces of "creative destruction" are alive and well.

BUY THE BIG BULL--IT MAY REST FROM TIME TO TIME BUT IT IS NOT GOING TO BE CORRALED EASILY! DO NOT STAND IN THE WAY OF THE STAMPEDE!