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To: Bobby Yellin who wrote (36248)	7/1/1999 10:23:00 AM
From: Alan Whirlwind	Respond to of 116931

Hi Morgy, Many people I know have either 401K's or IRA's. They will benefit when they retire. Assuming the market doesn't disintegrate. Obviously if you're making 50K a year you probably gained more than the peon at 15 or 20K if you didn't blow it all. People have it pretty good in this country. If they didn't they never would have put up with technology chucked over to the Reds, tampered FBI files, shady land deals, fundraising fraud, sexual assault, and bombed civilians all this time. Gore stood by Clinton on the day of his impeachment and called him one of the greatest presidents of this century. No sane person wants a guy in there with vision that clouded. Look for Bradley to give Gore the same run that Kennedy gave Carter in 1980, with Gore winning only narrowly. If Gore fumbles badley, it's Bradley. Any of the Republican candidates could beat Gore, though some would make it closer than others. Gore has way too much baggage. It's hard to say if things have to collapse from here. But they've manipulated for so long that I'm afraid this new paradigm is going to end up the same old "Brother can you spare a dime?". --Al

To: Bobby Yellin who wrote (36248)	7/1/1999 10:40:00 AM
From: Ahda	Respond to of 116931

did they need very low interest rates to save people and corporations a lot of money?*mortgages,corporate loans,etc.. They needed low interest to jump t start the economy not to save peoples money but cause them to spend it . Money flowing creates money. The tech end is self generated cash savings to corporate for numerous reasons mostly termed more efficient. This in turn stimulated competition amongst companies for dollar savings. I dont feel the growth would of nearly as rapid without the advances in technology. Everybody had to up grade.

To: Bobby Yellin who wrote (36248)	7/2/1999 12:38:00 AM
From: PaulM	Read Replies (3) \| Respond to of 116931

B, I'm an armchair investor, but I can actually claim some expertise in the area of technology, where it's taking us, etc. I've worked with and helped many tech startups, as well as the big guys, and have some technical training myself The Internet and computers--all this is very exciting, and it won't stop. But it's hard for me to say that the changes taking place today are more revolutionary than, say, when Bell patented the telephone, when Ford began selling cars, when the wright brothers learned to fly, when radio communication became a reality, when television entered our homes etc. Humans will continue to progress. That's a constant. But I also think it's a constant that politicians will want to extract more than the economy can reasonably give them. When taxes become unpopular, they will resort to deficits. When deficits become too high, politicians will resort to inflation and currency debasement. When the market figures out it's been taken as a result of holding this debased currency, an asset bubble will be created (effectively convincing people they have more than they do, and front loading tax revenues in the meantime). Always distinguish between the real economy and financial instruments. The dollar, bonds and even stocks, are largely a product of government and government intervention, not the real economy.