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it's not a different world because of tech .. it's a different world because
baby boomers are consumers of only two things - bigger houses and stocks
(and education for their children) and so the wealth effect has become self
reinforcing (circular) - this should sound familiar (Japan mid 80's) ..
start reading about John Law or tulip bulbs----- Original Message -----
From: <tradejacker@xxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Thursday, March 09, 2000 3:06 PM
Subject: Re: FW: is this the beginning of .....
> declining gold prices do not support this view...inflation is still not
> a problem even with rising oil prices...the u.s. infrastruture has taken
> energy pricing into account over the years and maded adjustments via crude
> / natural gas hedging strategies, but the transports (air, rails, and
trucking)
> might be impacted for a while. remember that we are in a different world
> than in the late 70's-early 80's.....thanks to microsoft / intel and the
> rise of small home offices and businesses......
>
> TJ
>
> At Thu, 9 Mar 2000 07:23:37 -0800, "Brian Massey" <bnm03@xxxxxxx> wrote:
>
> my opinion of why Greenspan
> >is
> >against a wholesale tax cut is because it creates inflationary pressures
> >that the economy doesn't need right now.
>
>
>
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