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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: MythMan who wrote (76279)11/19/1999 8:14:00 AM
From: Oblomov  Read Replies (1) of 86076
 
MM,
Very few people have the intellectual curiosity to consider ideas that do not affect them personally. Most investors see stable prices in the consumer goods they buy - when combined with low reported CPI, the perception is of continued disinflation. People feel prosperous, and so they do not notice the massive dislocations in our economy. Capital is being diverted to technology stocks, rather than real technology investment. Wealth inequality is nearing the levels of the 1890s... if the monied class does not get their comeuppance in the form of a severe bear market, it will unfortunately come in the form of a new Progressive Era... IMHO
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