Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: JRI who wrote (200994)	10/30/2002 8:50:57 AM
From: reaper	Read Replies (3) of 436258

JRI, i think you ignore the costs of a number of things that are declining: cars furniture apparrel consumer electronics anything remotely tech related (PCs, etc) telecom services basically, anything that can be made in China / the rest of the developing world is falling in price. and these are MAJOR expenditures for people. i expect this trend to continue if not accelerate. as far as services inflation (education, healthcare, government/taxes, housing) i think people will be surprised how much some of these come down in price if a true recession really hits (of course, your taxes will never go down <g>) its a deflationary world. and the main reason i know so is that Glenn Hubbard says its not <g> Cheers

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