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Pastimes : All Clowns Must Be Destroyed

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To: pater tenebrarum who wrote (28868)4/24/2000 9:12:00 PM
From: patron_anejo_por_favor  Read Replies (2) of 42523
 
More Laughs from Larry "Lines" Kudlow:

cnbc.com

"So if there is any small inflation upturn from last year's liquidity excess, it will be brief in duration and nearly insignificant in its economic and stock market impact. Along with the end of tax deadline selling, the recovering stock market seems to be realizing that price stability is here to stay.

<<Well, lets see. Despite 125 basis points increase in Fed Funds rates over the last 6 mos, inflation is not diminished. In face its accelerating and likely to get worse. The Naz Dung is down 30% or so, in large part due to worsening inflationary pressures. What recovering stock market?>>

And let's not forget the productivity enhancing effects of rapid technology advances. This vital new economy theme is ever-present and ever-powerful. Tech stock prices will fluctuate and churn, but the economics of technology innovation are pro-growth and anti-inflation. This is one reason why recent profit reports are so strong.

<<Gee, Larry, you don't suppose that a one-time tap of cheap overseas labor pools has anything to do with this, do you?>>

Long-term investing is still the wisest course. This is not the 1970s.

<<Not yet. But the 70's weren't the 70's (so to speak) in 1970-72, either>>
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