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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Les H who wrote (83720)1/19/2000 3:15:00 PM
From: pater tenebrarum  Read Replies (1) of 86076
 
he thinks the changes that suppressed the CPI last year will not be repeated? that's underestimating the BLS ingenuity in this regard. but in essence i think he's got it right...it's the increased competition for capital internationally that could push the bubble over the edge. interest rates are rising everywhere, reflecting the enormous rise in credit demand, and imo the increase in credit risk world-wide as a direct result of the global asset bubble.
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