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Gold/Mining/Energy : Gold Price Monitor
GDXJ 129.86+4.7%Feb 3 4:00 PM EST

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To: Bobby Yellin who wrote (45709)12/7/1999 7:57:00 PM
From: Little Joe  Read Replies (1) of 116958
 
Bobby:

I am not sure we are seeing the deflationary forces win out on this one. In addition to wage increases, here in Maryland we are seeing a rapid increase in property values and a lot of new construction. Seems like every time I drive down the main drag here (york road) there is another shopping center, office building or some other development.

I think we have had asset inflation with the excess money going into the stock market. It is now starting to move out into the economy in general. Every country in the world seems to be printing money. Where will it go?

On your point about a 2 class society, I think you are probably right. The chasm between the haves and the have nots is growing. This is a natural result of an education system that can't educate. When I was young I may have been poor, but I got a decent education in elementry school and high school, which enabled me to go to college.

The poor in our country, just can't get that education, no matter how much Bill and the other pols claim they are for the kids or education. The tragedy is that our education system is run by self serving special interest groups and not for our kids. I attended a meeting in my community in which the principal of the new high school spoke for over a half an hour and the word "children" was not mentioned once.

So much for his commitment. Oh well, let me get of the soap box before they start throwing tomatoes.

Live long and prosper,

Little joe
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