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Strategies & Market Trends : Waiting for the big Kahuna

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To: Joan Osland Graffius who wrote (10026)	11/19/1997 11:36:00 AM
From: Joss	Read Replies (1) of 94695

Hi Joan, I think you are correct. Up till now, with such high employment, we should have been experiencing inflationary pressures. But, as has been pointed out eleswhere, we have been fortunate enough to be "importing deflation from asia". Problem is, water seeks it's own level. We will reach a global equlibrium on inflation/deflation and let us hope that balance is just at the "disinflation", not deflation point. I am concerned that this "rosey" scenario will not be the case. Steve

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