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To: Mike M2 who wrote (83200)	1/11/2000 5:10:00 PM
From: NickSE	Read Replies (1) of 86076

Mike, That's exactly what's happening. Stock market gains are propelling the economy and as long as it stays ahead of rates, nobody gives a sht. Why do you think the economy never slowed down from all those rate increases. The market is the heart of growth in this economy and if it ever flatlined, we'd be in a recession in a sec., guaranteed! Especially considering that everyone is saddled with huge amounts of debt and practically nil savings. IMO, the recipe of TL&EV if I ever saw it. the pimps will say the adverse impact of higher rates will be mitigated by the wealth effect of the stock market* Nick

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