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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: pater tenebrarum who wrote (54104)7/31/1999 11:09:00 AM
From: Joan Osland Graffius  Read Replies (1) of 86076
 
heinz, Re: Garzarelli.

I think the analysts on wall street are using inflation incorrectly in their models today. They are looking at 30 years of inflation history and the situation has changed. Our cost of money is more dependent on people and governments willing to hold our currency/debt than inflation in our economy. I happen to believe true inflation is understated, but that is another discussion. One of these days we will have to pay the piper for the spending sprees of the last 30 years. The time may not be now, but it sure looks like it has started. I do not think the Fed and the Treasury can continue to control the rest of the world like they have in the last 10 or so years.

Joan
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