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Pastimes : How to best deal with KOOKS at this web site

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To: Gottfried who wrote (1129)	8/13/1997 10:24:00 AM
From: Teri Skogerboe	of 1894

Hi GM and Ice, This subject is still not my favorite, but here goes anyway. From Barron's Finance & Investment Handbook, INFLATION rise in the prices of goods and services, as happens when spending increases relative to the supply of goods on the market--in other words, too much money chasing too few goods. Moderate inflation is a common result of economic growth. Hyperinflation, with prices rising at 100% a year or more, causes people to lose confidence in the currency and put their assets in hard assets like real estate or gold, which usually retain their value in inflationary times. See also COST-PUSH INFLATION; DEMAND-PULL INFLATION. The one sentence that stands out to me is, "Moderate inflation is a common result of economic growth." Why should this time be different? BTW, the good news is that Warren Buffett doesn't worry about the economy or the Fed, etc. From what I've read about him, he focuses on "his companies" and leaves all those other worries to someone else. And we can tell IT'S WORKING. Whew! Of this, I'm very happy! Teri

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