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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: LindyBill who wrote (2701)	6/20/1999 8:48:00 AM
From: Morgan Drake	Read Replies (2) of 54805

Inflation is when there is a general price level rise due to too much money chasing too few goods. In the present situation, we've had a real price rise in oil and employers are bidding up labor rates. Demand has exceeded supply in the short run. So what? If the money supply growth is kept at a reasonable level, the real prices of some other goods and services which do not have the same supply/demand profile as labor and oil, will drop. As long as the focus is on money supply, there should be little concern about "inflation" as all we'll be witnessing is a reallocation of resources in the economy. JMHO. Morgan

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