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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (36171)	6/30/1999 10:10:00 PM
From: PaulM	Read Replies (2) \| Respond to of 116753

B, right on target. Amazes me how Greenspan buys so much of the productivity/new era crap and uses it to justify maintaining the bubble, no matter how out of control things get. Egs: in recent congressional testimony he made a lot of the "measurable" decrease in American dependence on oil per unit of GNP output. But it should be obvious to anyone that it's easy to be oil independent when foreigners make your shoes, your clothes, your cars, your plastics, etc. allowing us play on the internet and in the stock market. When foriegners are no longer willing to trade real things for paper, the new era/productivity theory will be sorely tested. Perhaps this is one reason gold is such a threat? This is a good times administration, and it's leaving America very unprepared for what's coming. Regards.