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To: Rarebird who wrote (35732)	6/23/1999 9:56:00 PM
From: Hawkmoon	Respond to of 116789

Thanks for the link rarebird. Nice analysis. We have continuing asset price deflation in many countries (FT had an article on China's massive deflationary pressures), yet the US is enjoying the highest stock market in history. Yes, AG is taking the market to task and trying to put the brakes on it (gently, of course). Let's see how long it takes for Asia to suffer another crisis of confidence though. Those rate hikes will likely be given back latter this fall. Volatility, IMO, will be the name of the investing game this fall. Regards, Ron