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Technology Stocks : Aware, Inc. - Hot or cold IPO?
AWRE 1.850-3.1%Jan 16 9:30 AM EST
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To: Tim McCormick who wrote (5562)2/7/1999 12:08:00 PM
From: Jim S  Read Replies (1) of 9236
 
Outstanding post, Tim. Whether we are in a "new era" or not, some of the traditional rules of economics still apply.

My main surprise is that interest rates and inflation have taken so long to respond to the pressures of high employment and consumption (more dollars chasing relatively fewer goods). IMO, we can thank the meltdowns in Asia and (to a lesser degree) Latin America for the comparative oversupply of energy and some manufactured goods for our recent prosperity.

But, your post was well thought out and well presented. My compliments.

jim
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